'Vanilla' home loans could benefit borrowers (AP)

June 25th, 2009 | by |

In this photograph taken on Friday, June 19, 2009, mortgage broker Kevin R. Iverson poses in an office in the Cherry Creek area of Denver. A good mortgage broker should always show a borrower plenty of options, including the traditional 30-year fixed-rate loan, and explain the risks clearly, Iverson said. (AP Photo/David Zalubowski)AP – If President Barack Obama gets his way, consumers who take out mortgages would automatically get a “plain vanilla” loan — such as a traditional 30-year fixed-rate mortgage — unless they opted for a riskier variety.

Source:'Vanilla' home loans could benefit borrowers
(AP)

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