50 year mortgages really don't even drop a payment that far. Plus, if you look at loan amortization curves, the owner will have added very little equity if they sell in 15 years.
Those 50 year mortgages are an awful plan.
We need more deportations, fewer code laws in residential homes, and a better job market.
50 year mortgages really don't even drop a payment that far. Plus, if you look at loan amortization curves, the owner will have added very little equity if they sell in 15 years.
Those 50 year mortgages are an awful plan.
We need more deportations, fewer code laws in residential homes, and a better job market.