YES! The 40 year mortgages haven't even caught on yet, and we now have 50 YEAR mortgages on the way. One product I have seen is a "balloon" which means in 30 years it has a "must payoff or refinance" feature, but it keeps the payments down which is it's intended purpose. You can get an ARM (adjustable) or fixed, and I don't have pricing info, but the rate will be most likely slightly higher than the standard 30 year fixed, although the payment will be lower as it is amortized over a longer time period.
Sorry I have been out of touch with the blog and email newsletters. I have spent most of the month of April traveling to and from Arizona, while I have been working on getting everything set up with the new mortgage company.
The new site is up, but there really isn't much there yet. You can check it out at:
www.ConsumersAdvantageMortgace.com.
More to come on both the 50 Year Mortgages and the updates to the web site. Both should occur around mid-May.
Anthony
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