40 year and zero down mortgages are out
- added July 9, 2008
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- urlspotter
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In an announcement released today, the government said government-backed mortgages would require a minimum down payment of five per cent and a maximum amortization period of 35 years. The borrower would have to have a consistent minimum credit score and there would be new loan documentation standards.
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- urlspotter
- 3 months ago
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