From a consumer perspective I'm also leery of a 30 year term. I mean, it's one thing if you choose a 30 year term for flexibility and then pay it off early (e.g. in <10 years while earning the delta on higher returning equity investments), but if you need 30 years to pay off a home you shouldn't buy one that expensive.
From a consumer perspective I'm also leery of a 30 year term. I mean, it's one thing if you choose a 30 year term for flexibility and then pay it off early (e.g. in <10 years while earning the delta on higher returning equity investments), but if you *need* 30 years to pay off a home you shouldn't buy one that expensive.
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