Comments on: And I Thought a 40-Year Mortgage Was Bad? http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: James http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/comment-page-1/#comment-21462 James Mon, 21 Aug 2006 05:12:00 +0000 http://allthingsfinancialblog.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/#comment-21462 Hey, you have a great blog here! I'm definitely going to bookmark you! I have seen one<a href="”http://www.payoptionarm.info/”" rel="nofollow"> pay option arm loans </a> Site. It pretty much covers mortgage calc related stuff. check it out if you get time :-) Hey, you have a great blog here! I’m definitely going to bookmark you!
I have seen one pay option arm loans
Site. It pretty much covers mortgage calc related stuff.
check it out if you get time :-)

]]> By: David Porter http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/comment-page-1/#comment-4277 David Porter Thu, 11 May 2006 20:47:07 +0000 http://allthingsfinancialblog.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/#comment-4277 JLP, No question that the 50 year mortgage is a bad idea for most of America. It was born out of need for California and other expensive markets. Many in those markets have been forced to use Option ARM loans to qualify. At least this loan will give more the option to buy AND not force them into a negative amortizing loan. Keep up the good work. JLP,

No question that the 50 year mortgage is a bad idea for most of America. It was born out of need for California and other expensive markets. Many in those markets have been forced to use Option ARM loans to qualify.

At least this loan will give more the option to buy AND not force them into a negative amortizing loan.

Keep up the good work.

]]> By: Andrew - Money Supply & Debt Blog http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/comment-page-1/#comment-3970 Andrew - Money Supply & Debt Blog Thu, 11 May 2006 02:56:01 +0000 http://allthingsfinancialblog.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/#comment-3970 The article about this in USA today had this to say - “If you’re going to be there more than five years, you’re gambling,” says Marc Savitt of the consumer protection committee for the National Association of Mortgage Brokers. “You don’t know what interest rates are going to be. I wouldn’t do it.” I think you are wrong about deficit spending Drew. Its not just the kids that are going to pay for it, the adults are going to too -- through social security payments that will barely by the month's groceries thats to inflation. The article about this in USA today had this to say – “If you’re going to be there more than five years, you’re gambling,” says Marc Savitt of the consumer protection committee for the National Association of Mortgage Brokers. “You don’t know what interest rates are going to be. I wouldn’t do it.”

I think you are wrong about deficit spending Drew. Its not just the kids that are going to pay for it, the adults are going to too — through social security payments that will barely by the month’s groceries thats to inflation.

]]> By: Foobarista http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/comment-page-1/#comment-3964 Foobarista Thu, 11 May 2006 02:19:18 +0000 http://allthingsfinancialblog.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/#comment-3964 This would be good for RE investors, who typically are interested in positive cashflow over any equity paydown. Basically, if you own income property, the mortgage is a "rent" that you pay, and the lower it is, the better - especially if you are investing for appreciation versus long-term income. This would be good for RE investors, who typically are interested in positive cashflow over any equity paydown. Basically, if you own income property, the mortgage is a “rent” that you pay, and the lower it is, the better – especially if you are investing for appreciation versus long-term income.

]]> By: Drew http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/comment-page-1/#comment-3963 Drew Thu, 11 May 2006 01:55:06 +0000 http://allthingsfinancialblog.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/#comment-3963 Don't we already have multi-generation loans? The federal government (us) is borrowing money (deficit spending) to give everybody their favorite "freebie" and our kids get to pay the bill with interest. Don’t we already have multi-generation loans? The federal government (us) is borrowing money (deficit spending) to give everybody their favorite “freebie” and our kids get to pay the bill with interest.

]]> By: Vladimir Stojanovski http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/comment-page-1/#comment-3899 Vladimir Stojanovski Wed, 10 May 2006 18:58:38 +0000 http://allthingsfinancialblog.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/#comment-3899 This reminds me of our recent H&R block debate ... if there is demand for this product, there shall be a supply. And there is nothing wrong with that, right? This reminds me of our recent H&R block debate … if there is demand for this product, there shall be a supply. And there is nothing wrong with that, right?

]]> By: Cap http://allfinancialmatters.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/comment-page-1/#comment-3898 Cap Wed, 10 May 2006 18:57:44 +0000 http://allthingsfinancialblog.com/2006/05/10/and-i-thought-a-40-year-mortgage-was-bad/#comment-3898 haha. multi-generation loans. imagine having a mortgage before you're born. yeah mortgage lenders in California are getting more creative. haha. multi-generation loans. imagine having a mortgage before you’re born.

yeah mortgage lenders in California are getting more creative.

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