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February 26, 2006
The Pros and Cons of 40 Year Fixed
With interest rates going up and property values starting to appreciate at a slower rate or flatten out, a new kind of loan has started to become more popular. The 40 year fixed loan allows you to amortize the loan over a 40 year period instead of the usual 30 years. This results in a lower monthly payment, which can come in handy when rates are higher. There are some pros and cons to this type of mortgage. I will explain why I personally don't like these loans except in special
From The Pros and Cons of 40 Year Fixed
Posted by Rob at February 26, 2006 12:34 PM
