When buying a home outside of city limits, you may encounter private well water instead of municipal service. Owning a private well comes with responsibility—regular testing and ongoing maintenance—but with the right knowledge, it can pro
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text HomeswithJustin to 85377.
40-year mortgages offer a longer repayment term compared to traditional 30-year mortgages. This can result in lower monthly payments but also higher total interest paid over the life of the loan.
Pros of 40-Year Mortgages
Cons of 40-Year Mortgages
Popularity of 40-Year Mortgages in the US
While 40-year mortgages have gained some popularity in recent years, especially during periods of rising interest rates, they are still less common than 30-year mortgages. Factors influencing their popularity include:
Overall, while 40-year mortgages can be a viable option for some borrowers, it's important to weigh the pros and cons carefully and consider the long-term implications of a longer repayment term. For questions or assistance connect with me at 917-254-2103. My goal is to help you accomplish yours!
When buying a home outside of city limits, you may encounter private well water instead of municipal service. Owning a private well comes with responsibility—regular testing and ongoing maintenance—but with the right knowledge, it can pro
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text Ho
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text Ho
When buying a home outside of city limits, you may encounter private well water instead of municipal service. Owning a private well comes with responsibility—regular testing and ongoing maintenance—but with the right knowledge, it can pro
To connect with me directly, contact me at 917-254-2103. For your FREE Home evaluation to learn the value of your home, your Homeowner Resource Guide, or your Home Buying/Down Payment Assistance Guide, use this link: https://bit.ly/45URvuV or text Ho