50 Year Mortgages!
Sunday, May 21, 2006
For those of you having a tough time affording that $400,000 home with a 30 year mortgage, there's a new player in town- The 50 Year Mortgage! The advantage to the 'Biggie' or 'Super Sized' mortgage is that your payments (spread out over 50 years) are lower than they would be with a traditional 30 year mortgage.
Image paying off your house by the time you're 85, now that would be great.
Listen at NPR.
posted by author @ 3:11 PM,
