No, it’s just some exaggeration to make it even more ridiculous. As if 50 years isn’t enough.
What’s really awful is when you see how little the payment lowers between a 30yr and 50yr mortgage with current rates. It’s not nearly as big a difference as you’d think.
Is this an actual thing in the us? We don’t have 50 year mortgages in Denmark but I can get a 30 year fixed interest at 3.5%
trump just announced 50 year mortgages
this is so awesome I can’t wait to be in debt my entire life
and your kids will be in debt.
If mortgages were capped to 20 years, the prices of houses would plummet.
That’s the fun part, you probably were already going to be!
Debt slavery is the new black. Indentured servitude is back.
But are they really 17% interest rate?
No, it’s just some exaggeration to make it even more ridiculous. As if 50 years isn’t enough.
What’s really awful is when you see how little the payment lowers between a 30yr and 50yr mortgage with current rates. It’s not nearly as big a difference as you’d think.
Don’t forget about paying back triple what you borrowed!