Home ownership is considered part of the American Dream. According to the Federal Housing Finance Agency, House Price Index, U.S. home prices rose an average of 34.61% over a five-year period ending December 31, 2017. On average homeowners saw the value of their investments grow by 6.94% per year during that period. This makes home
New 15-Year ‘Wealth-Building’ Mortgage for Low-Income Buyers?
October 7, 2014 by
Two mortgage executives are hoping to overhaul the 15-year mortgage, making it more readily available to low and moderate-income people. They say the changes will help borrowers build equity at a much faster pace than they would with a standard loan.
