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?

Investor Asked on April 19, 2020 in Real Estate.
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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.

Guru Answered on April 19, 2020.
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