Quote:
Originally Posted by GuyWin
There's one BIG reason we don't ever want to have another mortgage: You end up paying double the amount mortgaged at the end of the 30 year mortgage at 5.31%. So if your mortgage is $200,000 you will pay $400,000.
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I agree - could just not fathom giving that much money to the bank if there was a way around it. However some people can't afford their house otherwise.