People already do this. They take out a thirty year loan, and a decade later they refinance for another thirty years, wash rinse repeat. This is just removing the extra steps. Do you know how many boomers bought their homes in the late 80s/90s and STILL have 10, 20 years left on their mortgage? Homes that they bought ~30 years ago? It's insane.
People already do this. They take out a thirty year loan, and a decade later they refinance for another thirty years, wash rinse repeat. This is just removing the extra steps. Do you know how many boomers bought their homes in the late 80s/90s and STILL have 10, 20 years left on their mortgage? Homes that they bought ~30 years ago? It's insane.