Realtor questions value of interest-only real estate loans

DEAR BOB: I am a retired Realtor who began his real estate career in 1946. I have enjoyed your columns since they started in the paper many years ago. You write about current, practical topics I enjoy reading about. Recently, you wrote about "interest-only mortgages." Back when I started selling homes, interest-only mortgages were strongly blamed for the many realty foreclosures during the Great Depression. The problem then was the value of the security often fell below the mortgage balance.

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