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To: what's up
What's the typical term there?

I seem to remember something along the lines of five years. Of course, people re-mortgage each time. WHen I visited my future wife's family I was flabbergasted when I found out. I just had visions of an old silent movie with the girl tied to the railroad track and the farm being seized by some guy with a big mustache.
19 posted on 02/19/2009 6:30:53 PM PST by Dr. Sivana (There is no salvation in politics.)
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To: Dr. Sivana

The way that worked, the guy with the mustache, buys the note from the bank. Mortgages were callable, then.

With 50 per cent equity, or more, it wasn’t that major, if you think about it. Not nice, but...


38 posted on 02/19/2009 6:41:44 PM PST by Freedom4US (l)
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