Books of Elder Wisdom Chat

And the interest is front loaded, so in reality they are taking the bulk of the entire of the 50 years of interest within 12 years!!!! So double whammy. If you sell, like the average American will in 7-9 years on a 50 year fixed, they will gain minimal principal reduction. Roll in closing costs and your literally in the hole and negative after the sale and you walk away. Now that's BullShi#!!!! Remember. 20 years ago, buying and living in a house, even with a 30 year mortgage for 10 years was a good and often a great investment, the greedy bankers with Trumps Love are stealing beyond anything i could have ever imagined.