a 30 year wasnt good, but it was acceptable when rates were below 3%. with rates around 6%, because mortgage interest is front loaded into loan repayment amortization schedules, you end up paying ~125% of the loan amount in interest alone on a 30 year.
a 30 year wasnt good, but it was acceptable when rates were below 3%. with rates around 6%, because mortgage interest is front loaded into loan repayment amortization schedules, you end up paying ~125% of the loan amount in interest alone on a 30 year.