27 min listen
40 Year Mortgages - A Bad Idea
40 Year Mortgages - A Bad Idea
ratings:
Length:
27 minutes
Released:
Apr 20, 2023
Format:
Podcast episode
Description
The media at large seems very excited about FHA loans being able to be adjusted to 40 year terms in cases where the borrower is in a tight spot. But does it make sense to extend the indebtedness of someone that is already in financial trouble? Extending a mortgage out to 40 years takes all the worst elements of a loan and makes them worse. In todays show we are going to discuss this and see if we can cover the issue and come to some conclusions. Links: https://finance.yahoo.com/news/government-policy-could-help-keep-170000286.html https://www.jvmlending.com/blog/why-i-hate-40-year-mortgages/
Released:
Apr 20, 2023
Format:
Podcast episode
Titles in the series (100)
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