Portal Forum General General Discussion Home Ownership Reply To: Home Ownership

#153733 Quote
  • GoldenHas donated $ to the upkeep of GPL

Here is my biggest issue with buying a home. Mortgage insurance… This has to be one of the biggest scams around. You are charged a monthly fee because they aren’t confident that you will be able to pay your loan in full. Isn’t that the whole point of interest and having interest be the majority of your payments during the first 15 years? I don’t trust you to pay me 1000 dollars a month, so pay me 1250 dollars instead.

The market isn’t determined by what a person can purchase, but rather what someone can borrow.