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Heartlander · 80-89, M
@swirlie A 50 year mortgage? I understand that some countries are doing that, even 100 year multigenerational mortgages. Is that with a Canadian institution? Also, is that fixed or variable rate? With or without options to sell or transfer, or pay it off at will.
Not intending to be personal. When I got squeezed out of the aviation business I cashed out and followed my other dreams, software development specializing in financial modeling for banks and such, and a few years focusing on mortgage backed securities.
… and am an investor in probably all of the big Canadian banks., mostly because of their very dependable dividends.
Not intending to be personal. When I got squeezed out of the aviation business I cashed out and followed my other dreams, software development specializing in financial modeling for banks and such, and a few years focusing on mortgage backed securities.
… and am an investor in probably all of the big Canadian banks., mostly because of their very dependable dividends.
swirlie · 31-35
@Heartlander
I appreciate your interest in my 50 year, million dollar mortgage, but I was actually joking when I wrote that assertion because I thought if I made my post sound ridiculously stupid, that nobody would actually take me seriously if they knew my writing style at all and would automatically assume that I didn't actually have a mortgage which just between you and me Heartlander, is actually the case!
I appreciate your interest in my 50 year, million dollar mortgage, but I was actually joking when I wrote that assertion because I thought if I made my post sound ridiculously stupid, that nobody would actually take me seriously if they knew my writing style at all and would automatically assume that I didn't actually have a mortgage which just between you and me Heartlander, is actually the case!
Heartlander · 80-89, M
@swirlie I believe multigenerational mortgages are a reality in Japan, 50 years plus.
Not a bad idea assuming the house is built to last 50 years plus and there are escape clauses for both the lender and borrowers.
Also ….
The average cost of anew home in many US communities is $300K plus, and million dollar homes are not terribly unusual.
The subject of home affordability is a hot topic in the US, and something dear to my heart, beyond my interest in the role mortgages play in the banking industry.
Not a bad idea assuming the house is built to last 50 years plus and there are escape clauses for both the lender and borrowers.
Also ….
The average cost of anew home in many US communities is $300K plus, and million dollar homes are not terribly unusual.
The subject of home affordability is a hot topic in the US, and something dear to my heart, beyond my interest in the role mortgages play in the banking industry.