In this scenario, which is basically almost an interest-only loan, you don’t really own your home; you’re just renting it from the bank.
In this scenario, which is basically almost an interest-only loan, you don’t really own your home; you’re just renting it from the bank.
You will own nothing and be happy. You know, morons.
The federal government shouldn’t be involved in the private loan business, period.
Can additional payments be made on mortgages in the US? Here I can, and have. I effectively turned a 30yr mortgage into a 20yr one by occasionally making extra payments, from overtime, bonuses etc. The main method that worked was maintaining payments at the same level when interest rates dropped. Obviously when they went up I had no choice but over time this worked well.
Yes. My last mortgage was a nominal 30, paid off in under 8.
There is no sleep aid better than no mortgage. No car loan is a close 2nd.