who wrote the first home mortgage contract?
Saturday, May 30th, 2009
plus-gnositicism asked:
I would like to know who first estblished the current standards of a home mortgage. In other words, where did the process of charging mortgage interest by the current method where you pay two to three times the amount to purchase a home. If you buy a $100,000 home under the current methods you repay $200,000 to $300,000 over the period of the loan. Does anyone know because nothing comes up on an internet search except how to get a home loan today. Help!!!
I ABSOLUTELY DO NOT WANT A HOME LOAN NOR DO I HAVE NEED OF ONE.
Dan
I would like to know who first estblished the current standards of a home mortgage. In other words, where did the process of charging mortgage interest by the current method where you pay two to three times the amount to purchase a home. If you buy a $100,000 home under the current methods you repay $200,000 to $300,000 over the period of the loan. Does anyone know because nothing comes up on an internet search except how to get a home loan today. Help!!!
I ABSOLUTELY DO NOT WANT A HOME LOAN NOR DO I HAVE NEED OF ONE.
Dan