08-06-2024, 06:51 AM in response to #52063
Baldman Wrote: How will the mortgage decrease?
The original point was that renters pay landlords’ mortgages. From the data I can find that is incorrect, true?
Because as time goes by people generally pay off their mortgage. So the’ll start with an 200k mortgage and after 5 years they may have (say) a 160k mortgage.
Also as LTV goes down they will be likely to get a better lower mortgage % as they are a “safer” borrower