Creative financing has put plenty of people in homes that they might not have been able to afford with more traditional fixed rate mortgages. With the a spike in foreclosures this year, home buyers, especially first timers, are looking for other options.
Will the 50-Year Mortgage be that option?
See articles below for more info:
The 50-Year Mortgage Debuts in California [Bankrate]
Foreclosure Nightmare [Sploid]
First Timers Go for ‘Cheaper’ 50-Year Loans [Firstrung]
Reliant First to Market 50-Year Amortization [Business Wire]
