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  • Suggest You - Should You Bite on a 50-Year Mortgage?

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    In the last few years, the mortgage industry has seen an explosion of new loan programs. One is the 50-year mortgage. The question is whether you should use it to finance your new home.

    25 years ago, there were limited financing options if you wanted to buy a property. You basically had the 30 and 15 year mortgage loan options. You also had to have good credit, low debt and a steady job history. Well, those days have gone the way of the horse and carriage. There are so many loan programs available now that

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    year mortgage. The question is whether you should use it to finance your new home.

    25 years ago, there were limited financing options if you wanted to buy a property. You basically had the 30 and 15 year mortgage loan options. You also had to have good credit, low debt and a steady job history. Well, those days have gone the way of the horse and carriage. There are so many loan programs available now tha

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    there were limited financing options if you wanted to buy a property. You basically had the 30 and 15 year mortgage loan options. You also had to have good credit, low debt and a steady job history. Well, those days have gone the way of the horse and carriage. There are so many loan programs available now tha
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    ar mortgage loan options. You also had to have good credit, low debt and a steady job history. Well, those days have gone the way of the horse and carriage. There are so many loan programs available now tha
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    ose days have gone the way of the horse and carriage. There are so many loan programs available now that you have to be in a pretty bad way not to get financing. While there are lots of programs, not all of them are worth applying to.

    The 50-year mortgage is a new beast being offered in the mortgage loan market. Only a few lenders offer it and with good reason. I like to call these lifer loans. You are literally committing to paying a monthly payment for the rest of your life. Yes, the monthly payment will

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