March 2, 2007Last year, the 40-year fixed-rate mortgage became increasingly popular with borrowers — primarily marginally qualified home buyers. Predictably, the 50-year mortgage is being offered by lenders and brokers this year. It’s very close to being an interest-only mortgage, but the balance is amortized very slowly particularly in the early years of the term. It helps [...]
Posted in All Things San Diego, Lending, Real Estate, Taxes, Things of Interest 
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Loving the San Diego Coast!
