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Realistbear

50 Year Mortgage To Prop Up House Market

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http://biz.yahoo.com/brn/060427/18804.html

Bankrate.com

50-year mortgage debuts in California

Thursday April 27, 6:00 am ET

Holden Lewis

The Methuselah of mortgages has arrived: the 50-year home loan.
Think of it as a mortgage that has been supersized. Like that other supersizer, McDonald's, the massive mortgage was born in Southern California's San Bernardino County. Statewide Bancorp of Rancho Cucamonga began offering the loan in late March, to California residents. Advertisements have yielded a lot of phone calls and "quite a few applications," says Alex Diaz Jr., vice president of Statewide.

:blink:

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http://biz.yahoo.com/brn/060427/18804.html

Bankrate.com

50-year mortgage debuts in California

Thursday April 27, 6:00 am ET

Holden Lewis

The Methuselah of mortgages has arrived: the 50-year home loan.
Think of it as a mortgage that has been supersized. Like that other supersizer, McDonald's, the massive mortgage was born in Southern California's San Bernardino County. Statewide Bancorp of Rancho Cucamonga began offering the loan in late March, to California residents. Advertisements have yielded a lot of phone calls and "quite a few applications," says Alex Diaz Jr., vice president of Statewide.

:blink:

but mcd's withdrew their 'supersized' offers after they were found to be inappropriatly large.

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there are so many things that can be said about this...

So many things....

none of them hugely constructive..

"Look at me, I have a house.. I have unlimited supplies of money.. unlimited... yippie.. and its all real.. it is....."

see apom has no constructive comments.. at all

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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