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40 Year Mortgage May Not Make Financial Sense

A 40 year mortgage while resulting in a lower monthly payment will have the homeowner paying more in interest over the life of the loan and therefore not an ideal option.  Homeowners need to understand how the terms and interest rates impact the amount if interest they will pay overtime.

40 Year Mortgage

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Written by RealCincy

Real estate agent licensed in the states of Ohio and Kentucky. Work in the Greater Cincinnati and Northern Kentucky real estate markets.

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