Times are hard in the housing market. We have sky-high prices AND higher-than-normal interest rates.
These factors have pushed homeownership out of reach for many Americans. However, when there is a problem, there comes along a solution.
40-year interest-only mortgages are beginning to become more mainstream. I know they sound bad, but can they be useful to prospective homeowners?
What does your gut tell you? What do the numbers show you? I run the numbers inside and I think you can go with your gut. There are better ways to afford a home. Good Luck!
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