5/12/2005

40-Year Mortgages Stretch Payments

While they've been around for a while, 40-year mortgages have only recently been seriously expanded by FNMA. Higher and higher home prices call for more products to home ownership more affordable. It will probably have the most appeal for buyers who plan on staying in their home beyond the 5-7 year mark, and don't want to run the risk of refinancing at that time. See this for more.

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