re: Still on the Learning Curve - 30 year mortgage better than 15 year mortgage?

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Ok Batman Care to explain your outlandish statement or are you just going to say something sensational and never defend it?

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you're the one making outlandish comments and not defending them.

There is no scam in a 30 year mortgage, except on the banks. Some people are morons and misuse them or make poor financial decisions, but lending money for a 3-4% fixed rate for 30 years with no prepayment penalty is actually a scam on the banks. When rates go up to 10% in 10 years and the bank is losing money due their cost of funds going up, they'll be in the same mess S&L's were in the 80's.