The 50 Year Mortgage-pros and Cons
July 7, 2010 by Editor
Filed under About Mortgages
With the 40 year mortgage becoming increasingly common in states such as California, where high home prices make mortgages less affordable for the average home-buyer, the latest mortgage product has been rolled out-the 50 year mortgage. During the 1980s, mortgage interest rates in America topped 18%, prompting the introduction of the 40 year mortgage. The […]