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interest only: 30-Year Mortgage Demystified: An Opinion on America's Single Largest Debt and Asset - 03/02/08 04:18 PM
30-Year Mortgage Demystified:
An Opinion on America's Single Largest Debt and Asset
For a lot of Americans in 2008, a paradigm shift occurred with institutional finances. As the mortgage meltdown and the real estate crisis continued from 2007 and has bled into 2008, a lot of Americans, who had previously been working long weeks and long hours merely to be good borrowers in the eyes of the big banks, have simply let go. They not only let go of their mortgage payments, which at times doubled and tripled almost instantaneously, but these Americans let go of the notion that their homes were assets.
Through … (0 comments)
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Cyrus Khadivi
San Diego,
CA
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