Will any lender be able to give a 50 or 55 yr old anything but a 10-15 yr mortgage? Anything beyond that, they may sue and say it doesn't meet their retirement goals. So, I wonder if this will just give the lawyers more money and have all the lenders make you sign things that you understand what you are doing....or will the lenders reject certain people like the 50 to 55 yr old who wants to buy a new house. It sure will be interesting...
Friday, February 16, 2007
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