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Standard Mortgage Is Obsolete
The Mortgage Professor: Why the standard mortgage is obsolete
Nov. 10, 2014
By JACK GUTTENTAG The Mortgage Professor - Tribune News Service
Last week I wrote about the so-called wealth-builder mortgage, designed to marry the rapid balance pay-down of a 15-year mortgage with the low monthly payment of a 30-year mortgage. I concluded that without the lender or government providing a subsidy, the wealth-builder doesn't work.
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