Also remember in a normal finacial market, a 40 year loan will ave more interest rate than a 30, which will have significantly more interest rate than a 15 (which I entirely exploited … man it was like winning the lotto … 3/4 percent rate difference the day I closed for the life of the loan … booya) … so by the time you get to the higher loan amounts you’d be paying more interest each month …
I mean, how stupid are people, is all they can see that monthly payments number … WTF … what if they buy and later get laid off … or decide to take a few months off, or hurt their ass … where is the numbers now … price and interest rate and years are numbers too … they should be looking at that as well … No wonder people are flunking math, and then running out to buy over priced sheite with in comprenensible mortgages. They forget that they flunked high school math. I guess the realtor said it was a great deal … For them is what they said under their breath …
Cool.
Cow_tipping.