4 ms·
Yes, the point of a mortgage in the US is mostly to locking in a monthly payment in a manner that allows for homes to be sold at a much higher price than their
by eschulz 4y ago
Yes, the point of a mortgage in the US is mostly to locking in a monthly payment in a manner that allows for homes to be sold at a much higher price than their previous sale. It's about increasing wealth, and it's not necessarily about paying off the note before it's resold.
- theGnuMe 4y agoAnd hopefully when you sell your amortized housing cost is as close to zero as possible which is a benefit compared to renting.