installment loans

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Installment-loans.blogspot.com news digest

  • 13 years

    What about a 50 year loan?

    With the increase in interest rates and home prices lenders are getting creative. Lately we are seeing the introduction of 40 year loans and now 50 year loans. While these sound better than an interest only loan, what is the truth?
    I'll be honest, as I write this blog I haven't actually compared these over a long term. I know that there are interest rate adjustments for most "add-ons", and that the longer the amortization (length of time it takes to repay a loan), the less principle...

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Updated: June 29, 2023
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