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January 07, 2007
Fixed Rate Mortgages - Understanding The
Fixed rate mortgages developed thirty or forty years ago, following the depression. In the days of spiraling and then plummeting prices, both lenders and borrowers became leary of loan products that could not be controlled in any way. The mortgage lender wanted to be guaranteed that he would make a certain amount of money on a mortgage, and a mortgage borrower wanted to know in advance how much he would have to pay each
From Fixed Rate Mortgages - Understanding The
Posted by Doug at January 7, 2007 01:21 PM
