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Re: how long does it typically take to repay a mortgage?

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Dec 4 2010 7:38pm#1 (permalink)

Jameslary

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50 year mortgages are loans scheduled to be paid off over 50 years. Because the loan term is so long, monthly payments are very low relative to other loans. 50 year mortgages are just used as a cash flow tool and are almost never paid off over 50 years.


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