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Just PoliticsLeisure
Welcome to the Notary Talk General Discussion Forum. Before posting, please read the

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 Answerr to the Fed
Posted by Anonymous from 69.81.164.12 on 5/28/06 5:42pm

The Fed wanted the credit card companies to stop issuing interest only cards or ones where the borrowers never repay the principal.

Lenders also tightened up on some interest only loans.

Now some are offering 50 year mortgages.

Why do people object to 50 year mortgage when you can get interest only loans as well?

They must not understand finance very well.

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