I was replying on another thread about three generation mortgages & didn't want go on a tangent there.
Why do banks insist on mortgages being repaid in full by age 65?
What's so bad about paying interest only on your home loan, if your life assurance will clear the capital when you die?
Or if that doesn't work, the mortgage can be inherited along with the property.
What is stopping us from 50 year mortgages?
Edit: I'm posting to start a discussion!
Why do banks insist on mortgages being repaid in full by age 65?
What's so bad about paying interest only on your home loan, if your life assurance will clear the capital when you die?
Or if that doesn't work, the mortgage can be inherited along with the property.
What is stopping us from 50 year mortgages?
Edit: I'm posting to start a discussion!
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