New 40 year mortgage! The shocking truth behind 40 year mortgages!

The Federal Housing Administration (FHA) has recently approved a new type of mortgage loan: the 40-year mortgage. This type of loan offers borrowers a longer repayment period, which can lead to lower monthly payments. However, there are some potential drawbacks to consider before taking out a 40-year mortgage.

In this video, we will discuss the pros and cons of 40-year mortgages. We will also provide some tips for borrowers who are considering this type of loan.

Shop around for the best interest rate. Don't just take the first 40-year mortgage offer you see. Shop around and compare interest rates from different lenders. You may be able to save hundreds or even thousands of dollars by getting a better interest rate.

40-year mortgages can be a good option for some borrowers, but they're not right for everyone. Make sure you weigh the pros and cons carefully before you decide if a 40-year mortgage is right for you.

📺 What should sellers be doing right now in this current housing market?
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📺What should buyers be doing right now in this current housing market?
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I’ll see you in the next video.


Marcus "Kiwi" Gualter⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣
Team Kiwi⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣
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