Random Feed wrote an interesting post today on
Here’s a quick excerpt
Although they have become much rarer thanks to rapidly-falling real estate prices, the 40 year mortgage is here to stay. Once prices begin rising and home affordability again becomes an issue, I have no doubt 40 year mortgages will become more popular than ever. I don’t think this is necessarily a good thing. Origins Of The 40 Year Mortgage In the olden days, mortgages required a sizable down-payment and carried terms of only 5-10 years. Since only the wealthy could afford to own property

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wrote an interesting post today on
Here’s a quick excerpt
Real estate prices have been increasing steadily over the last five years, particularly on the East and West coasts. In parts of California, homes are selling for 33% more than they were a year ago. This has made it more difficult than ever for first-time homebuyers to purchase a home. Over the years, a number of new mortgage options have become available to prospective buyers that ease the burden of buying a home. Buyers can now obtain a mortgage with a variable interest rate that rises or fa

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