4 ms·
Cheaper house, sure, but does that also mean less monthly payments? Or would i still pay the same monthly, but most would go to interest. Alternatively in the
by tehlike 9y ago
Cheaper house, sure, but does that also mean less monthly payments? Or would i still pay the same monthly, but most would go to interest.
Alternatively in the bay area there are a lot of wealthy people. I dont know how it would affect them
- bradleyjg 9y agoEven if the monthly payment for a 30 yr fixed were to stay the same the buyer would be better off with a lower price. American mortgages have no prepayment penalty, so the buyer has the possibility of refinancing at a lower rate sometime over the payback period or even just making extra principal payments.