2024-07-30 16:26:56
It is true that a 30 year mortgage will lower your payments, but the home owner will also pay more in interest. [Link][Link] NEEDS_MORE_RATINGS(59-1-13) Author
2024-07-30 17:08:45
NNN - the post is factually correct. And a longer term inherently implies that you will be making payments and paying interest for a longer period. NEEDS_MORE_RATINGS(8-1-11) Author
2024-07-30 18:38:20
NNN - Nothing is misleading about PM Trudeau's post. NEEDS_MORE_RATINGS(5-2-11) Author
2024-07-30 18:43:08
While a 30 year mortgage term will result in higher total interest in the long term, the buyer may be able to move to a shorter amortization period when renewing if interest rates come down. NEEDS_MORE_RATINGS(4-1-9) Author
2024-07-30 19:29:24
While this post is not misleading, it neglects to address the fact that when you provide a pathway for someone to pay for something over a longer period of time, it enables the seller to inflate the price of the item and therefore drives the cost up across the market as a whole. CURRENTLY_RATED_NOT_HELPFUL(2-0-7) Author
2024-07-30 23:12:51
Statement is misleading in that it ignores market impacts on price. Allowing 30yr mortgages will reduce payments only if the selling prices of homes are unaffected. Prices are market-driven and will respond to additional buying power made available by the longer amortization. [Link] NEEDS_MORE_RATINGS(34-1-6) Author
2024-07-31 00:20:33
NNN. Put it in the OP comments. Thank for your cooperation in this matter. NEEDS_MORE_RATINGS(2-0-10) Author