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A very good friend of mine recently sent me a post from his blog were he commented on the rise of support for the idea of 100 year mortgages. On face value it seems a little preposterous, however it does offer the option of allowing people to refinance and stay in homes on which the may be facing foreclosure at much lower payments and at the same time offer a transparent way to expand home ownership. The article my friend sites says that while opponents decry the lack of equity building in such an arrangement, is it any worse than consigning people … (4 comments)
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