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.
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.