Wealth-Coaching

If you have bigger home dreams than you can afford on a 30 year mortgage, consider the new 40 year home mortgage.  This option is brand new to real estate investing, and it allows buyers who can’t swing the payments over 30 years to stretch their money a little further.

Of course, it also gives you 10 more years of payments, 10 more years of finance charges and 10 more years in which you could default and lose your home. 

If you can avoid it, I’d suggest doing so.