50 Year Mortgages, Are They Better than a Interest Only Loan?

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50 Year Mortgages, Are They Better than a Interest Only Loan?
(presented by www.refinance-refinance.net - mortgage lenders)

By David Maillie

As real estate prices have soared lately in several hotspots like Las Vegas, much of California, Florida, and others, banks and mortgage companies are now spreading out payments to 50 years to make them more affordable. Prior to these 50 year mortgages, interest only mortgages were touted as the way to go. The question is which is better.

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