So why did the government introduce the 35/40 year amortization in the first place if they were going to take it back?
25 year amortization was fine and I don't believe anyone was asking for a longer period to pay off their mortgage. I am assuming change is good and we are now going back in the right direction or are we?
Even, I as an investor, like the 35/40 year amortization so that my rent I receive on a property allows me to break even OR make a profit. However, what it is doing is stopping progress.....why would we go backwards and not forwards?
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