The main reason buyers sign on for these type of loans, which add 10 years to the traditional 30-year mortgage, is to take advantage of smaller monthly payments.
According to real estate experts, the shorter-term loan is usually more advantageous for the homebuyer. The drawback becomes apparent simply by calculating the cost of additional interest payments, which can total thousands for the privilege of just saving the difference of a few dollars in monthly mortgage payments.
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By Jeff Lincoln
RISMEDIA, July 21, 2008-Real estate agents have always realized the sales advantages of branding themselves in this highly competitive industry. They hand out business cards, promotional items such as calendars, pens, and mugs, and advertise in print and on the web. However, with all the marketing tools available to them, the yard sign […]