[1Old Pro]

Reduce monthly payment but increases interest paid over the term.

[EBH]

Or they just buy more house for the same original payment.

[gunnut]

More like renting forever.

[fretzer]

>Reduce monthly payment but increases interest paid over the term.

Math is hard (and racist).

[Responsibility2nd]

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.