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Should We Abolish the 30-Year Mortgage?

Should We Abolish the 30-Year Mortgage?

| Apr 26, 2016 | Uncategorized

Edward Pinto, codirector of the Internal Center on Housing Risk at the American Enterprise Institute, has a piece in Forbes admonishing that the 30-year mortgage should disappear. His primary reasons are that it fails to accrue wealth for most disadvantaged Americans. And, that it creates burdensome debt for older homeowners. You can read the article here.

 

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