News Federal Housing Administration greenlights 40-year mortgages

[Aphex]

Federal Housing Administration greenlights 40-year mortgages

This week the Federal Housing Administration gave the OK to 40-year mortgages. It's a move designed to try and make it easier for first-time home buyers.

www.wptv.com

Just pay them off until you die bro.

 

[Sun]

Federal Housing Administration greenlights 40-year mortgages

This week the Federal Housing Administration gave the OK to 40-year mortgages. It's a move designed to try and make it easier for first-time home buyers.

www.wptv.com

Just pay them off until you die bro.

Unironically sign up for a long mortgage, don't have kids, and die before paying it off completely.

 

[fatchadlitecel]

Federal Housing Administration greenlights 40-year mortgages

This week the Federal Housing Administration gave the OK to 40-year mortgages. It's a move designed to try and make it easier for first-time home buyers.

www.wptv.com

Just pay them off until you die bro.

When interest rates were at 0, the smartest thing you could have done is take out a 30 year fixed rate mortgage

 

[Aphex]

Unironically sign up for a long mortgage, don't have kids, and die before paying it off completely.

Tbh you should just rent if that's the plan, the real value of a house is to pass it down for generations.

 

[Sun]

Tbh you should just rent if that's the plan, the real value of a house is to pass it down for generations.

Yeah, but even if not passed, there's still value to buying (more space and protection against rising rent, eviction, neighbors).

 

[Tai Bwo Wannai]

"You can't own property, man."

You are merely a debt slave paying perpetual taxes on the right to use the land. You don't get the right to the land itself or land patents allodial titles etc.