The Risks Of 40-Year Mortgages

There are many tactics and strategies that lending institutions are using today in order to stay ahead of the recent financial crisis. Offering 40-year mortgages is one such idea that is coming back into trend. This concept isn’t exactly new, but not too many people have heard of it. That is simply because the advantages are outweighed by the drawbacks; therefore it has stayed in the … [Read more...]

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40 Year Mortgage – A Legitimate Financing Option For Your Home?

Not popular until recently, 40 year mortgages are an option every home buyer can look into.  Instead of the typical 30 year mortgage, which amortizes the loan over a 30 year period, the 40 year mortgage amortizes the loan over a 40 year period.  This decreases the cost of the monthly payment, which is the primary reason prospective home buyers look into it.  You can use a 40 year mortgage … [Read more...]

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