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Historical Document

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"Historical Document"

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From CNN on December 23, 2003, a reminder of how things were: “Home buying with no money down: If the only thing standing between you and homeownership is a downpayment, consider your options.” They keep reassuring you that those PMI payments won’t be so burdensome because your home will increase in value and get you to 20 percent equity in no time. This, as I understand it, is from before the lending standards got really shady.

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