Quote:
Originally Posted by Outsider626
It's dumb to take a mortgage loan for a house or apartment. Essentially with interest of 4% and 30 year fixed morthage rate you will pay off 1 house for the bank. Don't take loans. Save money.
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This.
A $500,000 loan for a $500,000 house will end up costing you almost $900,000 at the end of the term - essentially paying off two houses to own one.
Bad business.