A MARK OF PRUDENCE
be afraid of assuming a mortgage in order to build or buy a home. If you are letting this so-called mortgage fear keep you from adventuring in home owning, remember that mortgages in former times and to-day are different things. Once a mortgage payment was infrequent and it would accordingly be larger and harder to meet. Often a whole mortgage would fall due all at once. Now mortgage payments are not large, but more frequent, and there is very little likelihood of any one falling behind in his payments. Furthermore, a mortgage on the house is no disgrace to-day. Indeed, it is rather an indication that caution and prudence mark the people who are carrying it. They are investing in a house slowly, and their chosen method is the small but regular payment mortgage.
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Bibliographic details
Sun (Auckland), Volume III, Issue 628, 3 April 1929, Page 7
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138A MARK OF PRUDENCE Sun (Auckland), Volume III, Issue 628, 3 April 1929, Page 7
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