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income will increase.
Later on, when he can afford it, his payments would increase. The Graduated Payment Mortgage is, in effect, a flexible type of mortgage, as distinguished from the usual level-payment mortgage contract. The federal government has taken a definite interest in exploring the possibilities of flexible mortgages. They could be the answer to the problem of expanding the market for home ownership.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, realtor, the Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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