cm0002@libretechni.ca to United States | News & Politics@midwest.socialEnglish · 3 days ago50-Year Mortgages: Trump’s ‘Bad Deal’ Gets Respectful Hearing From Pressfair.orgexternal-linkmessage-square6fedilinkarrow-up136arrow-down10cross-posted to: [email protected]
arrow-up136arrow-down1external-link50-Year Mortgages: Trump’s ‘Bad Deal’ Gets Respectful Hearing From Pressfair.orgcm0002@libretechni.ca to United States | News & Politics@midwest.socialEnglish · 3 days agomessage-square6fedilinkcross-posted to: [email protected]
minus-squareSculptus Poe@lemmy.worldlinkfedilinkarrow-up16·3 days agoOkay, do a 50-year mortgage with 0 interest.
minus-squarehenfredemars@lemdro.idlinkfedilinkEnglisharrow-up4·3 days agoBut the 50-year is mostly interest!
minus-squareSculptus Poe@lemmy.worldlinkfedilinkarrow-up3·2 days agoYeah, that’s the scam… If they were really looking to fix housing, they would give everyone 50 year loans at 0 interest on one primary residence or just enough interest to cover the paperwork.
minus-squareBronzebeard@lemmy.ziplinkfedilinkarrow-up2·3 days agoThat would be amazing. Knock my payment from 2400/month to under 500
Okay, do a 50-year mortgage with 0 interest.
But the 50-year is mostly interest!
Yeah, that’s the scam… If they were really looking to fix housing, they would give everyone 50 year loans at 0 interest on one primary residence or just enough interest to cover the paperwork.
That would be amazing. Knock my payment from 2400/month to under 500