To: EBH
Reduce monthly payment but increases interest paid over the term.
5 posted on
04/06/2023 12:35:44 PM PDT by
1Old Pro
To: 1Old Pro
Or they just buy more house for the same original payment.
6 posted on
04/06/2023 12:36:46 PM PDT by
EBH
(America Blackmailed, The True Story of the World War...Coming Soon)
To: 1Old Pro
More like renting forever.
14 posted on
04/06/2023 12:49:08 PM PDT by
gunnut
To: 1Old Pro
>Reduce monthly payment but increases interest paid over the term.
Math is hard (and racist).
15 posted on
04/06/2023 12:49:24 PM PDT by
fretzer
To: 1Old Pro
Exactly. And it also effectively stops the amount of equity a homeowner might build up over 10 and 20 years. This increases the chances of default and foreclosure. A 40 year mortgage is stupid. It’s a con job for homeowners.
24 posted on
04/06/2023 1:06:22 PM PDT by
Responsibility2nd
(Donald Trump is a setting sun. Ron DeSantis is a rising star.)
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