Re: Question regarding Mortgage???????
So interest is ok if you can pay it of in a 2 or 3 years as opposed to 15 to 30 years? Good work around.
BTW I hope people realize that there are laws that protect the poor if they fall into a bad economic situation and cannot repay the housing loan. I am not 100% sure of this but I recall something about basic necessities (including home) cannot be taken away from somebody who is forced into bankruptcy.
Somebody with law/accounting background can better clarify this