40 Year Mortgages - A Bad Idea

vor 3 Jahren

27 Minuten

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Real Estate Realities With The RebelBroker

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Beschreibung

vor 3 Jahren

The media at large seems very excited about FHA loans being able
to be adjusted to 40 year terms in cases where the borrower is in
a tight spot. But does it make sense to extend the indebtedness
of someone that is already in financial trouble? Extending a
mortgage out to 40 years takes all the worst elements of a loan
and makes them worse.

In todays show we are going to discuss this and see if we can
cover the issue and come to some conclusions.

Links:

https://finance.yahoo.com/news/government-policy-could-help-keep-170000286.html

https://www.jvmlending.com/blog/why-i-hate-40-year-mortgages/