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Problem is the amount of money people will pay for a place to live is unlimited. If people would take 300 year mortgages that would put your kids into debt bon
by ClumsyPilot 4y ago
Problem is the amount of money people will pay for a place to live is unlimited.
If people would take 300 year mortgages that would put your kids into debt bondade if thry could
- mywittyname 4y agoA 30 year mortgage is just below the threshold of being an interest only mortgage. Especially when looked through the lens of a 10 year length of stay in a house. Ten years into a 30 year mortgage, one will have paid something like 60% of the total interest on the loan.