4 ms·
Presumably, owing money for 60 years instead of 30 years will cost you much more in the long run. And more baked in interest early in the loan means less recov
by basch 5y ago
Presumably, owing money for 60 years instead of 30 years will cost you much more in the long run. And more baked in interest early in the loan means less recovered when you sell.
- xapata 5y agoHow the hell do you find a 60-year loan? Sign me up! Remember, leverage is what makes home ownership a good investment.
- basch 5y agoThe premise I replied to was the lump sum doubling and the monthly staying the same. The only way for that to happen is to extend the period.
- xapata 5y agoYou forgot interest rates changing, which is the primary cause of the recent home price changes. Remember, the mortgage market has a set of standard terms, like a 30-year-fixed.