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Posts Tagged ‘30-year mortgages’

Interestingly it was the government that came up with the idea of encouraging home ownership for all Americans and using the now classic 30-year mortgage to help.

The plan was that the payments would be low enough over the long term of the loan and allow people who did not have a lot of income to buy homes over time.

And it worked. Home ownership nearly doubled between the 1930’s and now.

But a 30-year mo Read the rest of this entry »