BUILDER'S WARNING: Why new home prices NOT coming down #shorts #us #news #homebuilding

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Sure the 100 year mortgage isn’t a real thing (yet) but what is real is the way predatory lending works to communicate with people who don’t have financial literacy and are in need of a reduction in cost of living. Trying to make generational debt happen is wild. 😭 In this video I used 30 year mortgage loan for a $500,000 house. Interest rate: 7.10% Payment: $3,360/month If we extend to 100 years (1,200 months) at 7.10%, the monthly payment becomes: $2,960 per month 🫠 In other words: A 100-yea

Late last week, Donald Trump posted a graphic comparing the familiar 30-year mortgage to a proposed 50-year term, implying that longer amortization might be the next landmark housing reform. Shortly thereafter, Bill Pulte, Director of the Federal Housing Finance Agency, confirmed via social media that “we are indeed working on The 50-year Mortgage, a complete game-changer.” (housingwire.com) The backdrop: soaring home prices, persistently elevated interest rates and sagging affordability have pu

His loan is at 5.5% interest, $2,900 / month, with 28 years left on the mortgage. I’m not a realtor and you’re not getting a loan. If you wanted this house you’d be buying the contract off me. You’re not qualifying for his loan, it stays in his name. The property goes into a trust and you buy the trust that contains the property. I own 25 houses like this. Most recently I bought 646 S Joplin Rd Aurora CO and 2107 5th Ave N Minneapolis MN using this method. You’ll never see another opportunity li