Wednesday, June 29, 2011

20% Down Legislation

Do you remember the days that 20% down when buying a home was typical?  I must say that was before my time, but I remember my dad doing it when he was in his early 30's.  He waited until he was financially able, not just because he could afford the payment.  Now we see younger home owners and greater debt ratios.  Anyway, the days of the 20% down being typical are about over when politicians are fighting against it.

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