Take a look at this: http://www.thesimpledollar.com/2007/01/22/how-bad-of-a-deal-is-a-50-year-mortgage/ I knew that people were starting to look into 40 year mortgages, but 50??!! I understand that people want to have everything they want RIGHT NOW, but really. This is just sad. The fact that it only saves such a small amount of money but puts you in...
Monthly Archives: January 2007
Before You Refi or Get a Home Equity Loan – Do You Know These 50 Things?
Refinancing your mortgage. Your home is the collateral for the loan - If you are unable to make the monthly loan payments, you could be in danger of losing your house.
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