Statistics of Farms, Homes, and Mortgages: Mortgages; Summary for the United States (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Statistics of Farms, Homes, and Mortgages: Mortgages; Summary for the United States

It is computed that the average life of a mortgage in the United States is years; of a mortgage on acres, years; of a mortgage on lots, years. The longer life in the case of both classes of mortgages is found in New England, New York, and New Jersey; the shorter life in the south and in the newly settled regions west of the Mississippi river.

Since mortgages in force were made, per cent of the original amount of indebtedness incurred under them has been extinguished by partial payments; in the case of mortgages on acres, per cent; on lots, per cent. The percentage of partial payments is highest in the south and lowest in the more newly settled regions. Table 3 contains the foregoing figures and also the corresponding results for the various states and territories.

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