Re:Finally, no bid on mortgage-backed securities
by cardiffspaceman on Tuesday June 14, 2022 @06:25AM
(#31736890)
There are quite a few mortgages in the states that don't pay the principal until the end, but it creates drama at the end. Some friends of mine went that route and when the principal came due after 5 years, lots of assumptions turned out to be wrong and they had to sell to pay back the principal.
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Re:Finally, no bid on mortgage-backed securities
by alfiedotwtf on Wednesday June 15, 2022 @03:56AM
(#31750263)
Yikes. Yeah, that sounds like how normal fixed-interest works here :(