When I think of a 50-year mortgage, I think of having a bill that could potentially out live me. It’s almost as if you make a payment and that payment goes into the air without the payments reducing. However, some people may think of a 50-year mortgage as an opportunity to get their less than stellar perfect credit in order. Is an option to doing a 50 year mortgage, starting out as an ARM and then refinancing? Potentially. I am just not a fan of ARMs. I imagine if you are really determined and dedicated to getting your finances in order, then this could be a turning point for you. This could be the first step in getting your finances in order and obtaining the American Dream. Do not just obtain the dream, learn how to maintain it for a lifetime.
