The 50 Year Mortgage Is Introduced In California

RE:The 50 Year Mortgage Is Introduced In California

Debra — Thu, 16 Aug 2007 11:00:00 GMT

I get many calls about refi. I have a 500,000 home loan and a 50,000 second. The broker said this is the time to refi. banks need to keep you in your house he told me about the PITI program getting a lower rate, lower house note. Is this the time to refi?

RE:The 50 Year Mortgage Is Introduced In California

willie — Tue, 13 Mar 2007 11:00:00 GMT

Would you rather pay the landlord or yourself?

RE:The 50 Year Mortgage Is Introduced In California

Alicia — Sat, 10 Mar 2007 13:00:00 GMT

I'm planning to buy and sell, I think the 40-50 year loans will be perfect for me if I can save money monthly. The question is, how about if I want to flip houses? is it worth it?

RE:The 50 Year Mortgage Is Introduced In California

Option Mortgage — Sat, 10 Feb 2007 13:00:00 GMT

Cash flow option mortgages are the MOST powerful financial tool Americans have today. You can save 45% off your existing mortgage and apply the savings to drastically increase you Nest Egg, real estate investments, pay off debt, college tuition or just to pay off your mortgage 8 years quicker. This is how the Option Mortgages are becoming the fastest growing financial tool in the United States today.

RE:The 50 Year Mortgage Is Introduced In California

Mike — Mon, 05 Feb 2007 13:00:00 GMT

I heard that First Franklin is rolling out the program.

RE:The 50 Year Mortgage Is Introduced In California

will — Sun, 10 Dec 2006 13:00:00 GMT

There are no homes in Southern California under 400,000 and the ones for this amount are dog houses. Why not offer a 50 yr loan, not the 50/1, but a straight loan? Who cares if you pay it off or not? It is better than renting and it will aquire equity. Property will go nowhere but up (in the long run).

RE:The 50 Year Mortgage Is Introduced In California

Scoonie — Wed, 29 Nov 2006 13:00:00 GMT

Why Didn't You Give an Example Of A Realistic price for A Home Price in California...200k is even enought to purchase a Condo in San Diego Ca.

RE:The 50 Year Mortgage Is Introduced In California

ELIZABETH — Tue, 21 Nov 2006 13:00:00 GMT

50 year loan sounds better than the interest only loans. Especially when IO loans with deferred interest can actually add to your principle. A 50 year loan would be best for a person like me who needs to get finances in order while still paying things like child care and trying to pay off two cars. They can always be refinanced and its definitely better than paying rent to someone who will will end up owning what you pay for. 50 year loan sounds like it would be worth it for a short while.

RE:The 50 Year Mortgage Is Introduced In California

Rich — Tue, 14 Nov 2006 13:00:00 GMT

If the mortgage companies didn't charge PMI then borrowers would have more money to make their mortgage payments. Ditch the PMI and we won't need 40 or 50 year mortgages.

RE:The 50 Year Mortgage Is Introduced In California

Rowell — Sun, 10 Sep 2006 11:00:00 GMT

The article made perfect sense. There seems to be no real savings in the 50 year loan. I think they will be revised or go away.

RE:The 50 Year Mortgage Is Introduced In California

maraton — Mon, 28 Aug 2006 11:00:00 GMT

Which bank does 50 year home loan? I need to know and if they do wholesales?

RE:The 50 Year Mortgage Is Introduced In California

Christian — Tue, 11 Jul 2006 11:00:00 GMT

If there is a way to buy a house why rent? You have to benefits of equity, credit, pride of ownership...etc...Even if the real estate market were to drop the rents would continue to increase, in fact that will be one of the first things to go up if the economy drops. So many investors are living off their properties. At least as an owner you can control your payment. The 50 yr loan will defiantely be one of the HOTTEST programs. One for the books! 10, 15, 20, 30 yr Fixed are out the door...

RE:The 50 Year Mortgage Is Introduced In California

Mary — Fri, 07 Jul 2006 11:00:00 GMT

I plan on selling in five years. This would be a perfect way to lower my payments while still paying down the loan. I just can't find anyone who does 40 or 50 year loans...

RE:The 50 Year Mortgage Is Introduced In California

Pam — Sun, 02 Jul 2006 11:00:00 GMT

Why would you buy a house in California unless you can afford it? How much does it cost to rent? I would definitely rent instead if that is affordable, if I had to live there. What if you buy the house and then the value of it drops by 30% in a few years when a ton of foreclosure properties hit the market.

RE:The 50 Year Mortgage Is Introduced In California

Jennifer — Tue, 13 Jun 2006 11:00:00 GMT

The suggestion at the end of this article is VERY unrealistic, especially if you live in California. I would be more than willing to purchase, along with everyone else in California, a house for $200,000, $192,279 or $185,219 if there was one. I am not talking about a condo or a mobile home but an actual house for that amount of money is not even feasible.