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40-year mortgages |
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Are 40-year mortgages a good idea?
Smaller monthly payments are the primary advantage of adding 10 years to the traditional 30-year mortgage, but real estate experts say the shorter-term loan usually is more beneficial for the home buyer. The drawback becomes apparent simply by calculating the cost of additional interest payments, which can total thousands for a few dollars difference in mortgage payments.
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Ask below or Call The Crown Team at 866-612-8975
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Lender's Blog
What are the most popular ARM indices?
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