I heard you on the radio talking about a 50-year mortgage amortization, it would take generations to pay it back; is that really feasible?
I heard you on the radio talking about a 50-year mortgage amortization, it would take generations to pay it back; is that really feasible?
Not only feasible but desirable. No approval, no stress test, no cost to the government, no subsidies. A $300,000 mortgage payment will drop from $1,450 to approx. $950. That $500 extra cash per month will help meet other obligations or even just to buy furniture.