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40-Year Mortgage: The Creative Financing Solution for 2009?
Due to the housing crisis, a lot of creative financing options have become unavailable. Right now, it’s pretty much impossible to take out a zero-down traditional loan or NINA (no-income-no-asset) mortgage. However, some homeowners who don’t have the documented income to qualify for a 30-year loan have found a solution: the 4o-year mortgage. By adding [...] [...more]