Friday, Apr 09, 2010
Facts About 40 Year Mortgage Rates
Blog: Facts About 40 Year Mortgage Rates And 40 Year Mortgage Rates Calculator
40 Year Mortgage Rates And 40 Year Mortgage Rates Calculator Information to you
40 year mortgage rates are comparable rates provided for shorter full term mortgages, such as 20 year and 30 year
mortgages or even interest only
mortgage rates and other jumbo mortgage
rates. The reason 40 year mortgages are provided is that a few houses cost more than in early years and this allows for a house customer
to offer a nice residence for their home while paying up a longer time period.
Posted by windies @ 10:36 AM (1090 views) Add Comment
8 Comments
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1. 51ck-6-51x said...
Surely this wins the coveted Pointless Post of the Year award.
2. tenyearstogetmymoneyback said...
Who pays off their mortgage anyway. I thought about half of all mortgages were interest only.
3. devo said...
1. 51ck-6-51x said... Surely this wins the coveted Pointless Post of the Year award.
who rattled your cage, 51ck?
i thought you were a fan of innovative financial products?
4. d'oh said...
When I was a little boy in Australia, mortgages were generally 10 to 12 years in length.
Long term mortgages are just vehicles for the theft of labour from the working by the landed (and the banks). Once upon a time, buying a house was a 10-15 year sentence. Now it is life without parole, only it isn't the sociopaths that are punished.
5. devo said...
4. d'oh said... 'Now it is life without parole, only it isn't the sociopaths that are punished'
sociothapy is the passport to success
i've only just learned that
(but bear in mind i'm a 'late adopter')
6. Catcompare said...
I guess you pay all interest payments only for at least the first 15-20 years on a 40 year mortgage. It's amazing how increase prices of houses creates money through debt, increasing the value of something even though it hasn't changed by tens of thousands - if all houses costs £1m would all houseowners be millionaires?
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