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| If a 50 year amortization is even a thing that would be a hell of a deal. If the loan is $1million @7%interest that would that would reduce yearly payments by $21,334.02, at 5% the reduction is $25,048.27. Like the OP said it is the first years that suck. I have thought that for a long time that if you can hold it together for the first 5 years you will be fine and after that it is alot easier and keeps getting easier. I with I could have done my mid 90s purchases on a 50year amortization. Things would have cash flowed nicer and I could have been ready to by more sooner. | |
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Land purchase snowball rolling down hill
