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The government guarantees them. Banks would never offer this product otherwise.
by seibelj 4y ago
The government guarantees them. Banks would never offer this product otherwise.
- cortesoft 4y agoThe government does not guarantee mortgages.
- chordalkeyboard 4y agoit is more complicated than the gp makes it seem, but 30 year mortgages are absolutely a creation of policy in the form of federally owned corporations that rebuy mortgages that were written according to a standard policy. https://www.grarate.com/article/history-30-year-mortgage https://www.grarate.com/article/history-30-year-mortgage