Mortgage Best Rate

Posts Tagged ‘home ownership’

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 »