Where Did The Theory of Paying Off Your House Fast and Never Carry A Mortgage Come From? - Hardworking.com | Hard Working Entrepreneur | Making Money Online

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Where Did The Theory of Paying Off Your House Fast and Never Carry A Mortgage Come From?

In order to uncover the mystery of how our parents and grandparents learned that a mortgage was a necessary evil, we must go back in time to the Great Depression. In the 1920's a common clause is loan agreements gave banks the right to demand full repayment of a loan at any time. Since this was like asking for the moon and the stars, no one worried about it ever happening. When the stock market crashed on October 29, 1929 millions of investors lost huge sums of money, much of it on margin.
Read more at: http://ezinearticles.com/?Where-Did-The-Theory-of-Paying-Off-Your-House-Fast-and-Never-Carry-A-Mortgage-Come-From?&id=706518.

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