40-year real estate loan stirs controversy

Tweaking 30-year loan may reap more benefits
Published on Nov 22, 2004

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by CareyBot

“I see where Fannie Mae is test-marketing 40-year mortgages through a group of credit unions. Do you see the 40-year mortgage as a useful option for borrowers?” No. While 40-year mortgages increase affordability by reducing the mortgage payment, the reduction ...