Why the 30-year fixed-rate mortgage is a 'uniquely American construct' (cnbc.com)
I suppose it could be an absolute rort MisterC .
But , surprisingly , it is not.
This article covers the subject in an easy to understand form.
If anybody asks ''why does the consumer here have to take the risk?'' , , because overall it is cheaper than it otherwise would be , to the borrower.
cheers
Why don't we have 30 year fixed mortgages in Australia like other countries., page-4
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)