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how long is a possible mortgage term on a new home of $100,000

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Guest	Posted: Sat Jun 18, 2011 7:30 am    Post subject: how long is a possible mortgage term on a new home of $100,0 Like 0 Dislike 0 how long can it be extended
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Jun 19, 2011 8:20 pm    Post subject: Like 0 Dislike 0 Welcome Guest, It will depend upon you and your lender. You can go for 15 year loan or a 30 year loan. If you go for a 15 year loan, your monthly payments will be high. If you're interested in taking out a 30 year loan, then your monthly payments will be low. _________________ Procrastination is the enemy of your financial success
it_guy08 Joined: 22 Jun 2011 Posts: 7 2.05 Dollars($)	Posted: Fri Jun 24, 2011 9:25 am    Post subject: Extend in what way? Like 0 Dislike 0 Sure you can always refinance or get a second mortgage - I've known 100k homes to take 55 years to pay off. It depends on your reason to extend. Normal Lenders will only do a 30yr off the bat though.

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