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Message
re: 40 year mortgage gets the green light
Posted on 4/7/23 at 2:40 pm to Tarps99
Posted on 4/7/23 at 2:40 pm to Tarps99
quote:But on this scenario, with the same interest rate, you can literally just pay the same amount as the 30-year and it would be paid off in exactly 360 months.
I would just nut up and donate plasma for the extra 140 a month in payments to be done in 30 than 40 years. But if a 140 dollars a month difference between 30 and 40 for 315k house, you shouldn’t be in the market for a mortgage.
0
Posted on 4/9/23 at 12:20 pm to jcaz
The reality is that we keep accepting higher and higher home values. Values will only continue in what people are willing to pay. Until people stop bragging off of home value to keep up with the Jones’ none of this will change.
This post was edited on 4/13/23 at 8:36 am
Posted on 4/9/23 at 2:14 pm to Rize
quote:
Can I get a 10 year loan on the new 2023 F250?
With the prices of new vehicles that may be next.
Posted on 4/9/23 at 3:49 pm to LSUtiger89
40 years is basically just renting from the bank.
Posted on 4/10/23 at 12:47 am to TejasHorn
quote:If you can borrow at negative rates, how bad can it be?
40 years is basically just renting from the bank.
Posted on 4/10/23 at 11:00 am to I Love Bama
Which will lead to another bubble and help keep prices artificially high.
This post was edited on 4/10/23 at 11:02 am
Posted on 4/10/23 at 11:12 am to el Gaucho
quote:
It crashes every year for us millenials
Posted on 4/10/23 at 11:17 am to deeprig9
I get that the interest is front loaded, but what percentage of home loans exist through term without modification or the property being sold?
Posted on 4/10/23 at 11:40 am to Motownsix
0%
Posted on 5/11/23 at 5:39 am to marymacleo
What in the chstgpt is this?
Posted on 5/11/23 at 8:33 am to I Love Bama
US Govt should have issued 40 yr - 100 yr notes when rates were so low.
Posted on 5/11/23 at 8:34 am to TejasHorn
quote:
40 years is basically just renting from the bank.
But inflation protected payments.
Posted on 5/11/23 at 8:39 am to I Love Bama
People think this is going to help get buyers into homes, which it will initially, but I'd imagine builders and sellers will just be able to hike the price of the homes to adapt
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