Published 9 December 2019 Prior to the Great Depression of the 1930s, obtaining a mortgage was a challenging task. Down payments were typically 50 percent of the purchase price, loan terms seldom exceeded 10 years, and balloon payments were the order of the day. It wasn’t until the passage of the Federal Home Loan Bank
Read MorePublished 27 January 2019 Prior to the Great Depression of the 1930s, obtaining a mortgage was a challenging task. Down payments were typically 50 percent of the purchase price, loan terms seldom exceeded 10 years, and balloon payments were the order of the day. It wasn’t until the passage of the Federal Home Loan Bank
Read MorePublished 20 November 2016 Prior to the Great Depression of the 1930s, obtaining a mortgage was a challenging task. Down payments were typically 50 percent of the purchase price, loan terms seldom exceeded 10-years, and balloon payments were the order of the day. It wasn’t until the passage of the Federal Home Loan Bank Act
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