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Podcast: Real Estate Realities With The RebelBroker
Episode: 40 Year Mortgages - A Bad Idea
Description: The media at large seems very excited about FHA loans being able to be adjusted to 40 year terms in cases where the borrower is in a tight spot. But does it make sense to extend the indebtedness of someone that is already in financial trouble? Extending a mortgage out to 40 years takes all the worst elements of a loan and makes them worse. In todays show we are going to discuss this and see if we can cover the issue and come to some conclusions. Â Links: https://finance.yahoo.com/news/government-policy-could-help-keep-170000286.h...