3 ms·
During the housing boom - everyone was getting balloon payment mortgages to avoid the 5-6% rates... That's what caused the housing bust. I'm sure - if allowed
by onlyrealcuzzo 5y ago
During the housing boom - everyone was getting balloon payment mortgages to avoid the 5-6% rates... That's what caused the housing bust.
I'm sure - if allowed - we could see something similar. But IIUC this type of financing isn't currently plausible.