Re:Subprime loans for college hiding in plain sight
by nradov on Monday September 19, 2022 @09:35AM
(#32898099)
Why? Any time limits are purely arbitrary. In principle there's no reason we couldn't have the mortgage equivalent of consol bonds, which are perpetual (infinite maturity date). The borrower can choose to just keep paying interest forever, or they can also choose to pay off the principal at any time and retire the debt.
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Re:Subprime loans for college hiding in plain sight
by dagw on Monday September 19, 2022 @09:40AM
(#32898160)
In principle there's no reason we couldn't have the mortgage equivalent of consol bonds, which are perpetual (infinite maturity date).
In Sweden, once your mortgage is below 50% of the of the purchasing price you don't have to pay it off and you're free to just pay the interest in perpetuity.