My pal told me that people who signed 30yrs hdb and condo loans are worst than rapists who are jailed for 20 yrs. bro agree ?

[Boonsiong]

He said people are signed 30yrs housing loans have no brains and they loss the financial freedom, as good as being jailed for long term in Changi

 

[sbfuncle]

I think those investors would even sign 100 years loan if it is allowed.

 

[ftan42]

are there 100 year bond around?

 

[Dreamliner787]

Agree.

 

[eatshitndie]

30-year mortgages are very common in amerika. the monthly payment gets stretched over 30 years with a lower rate. can pay off anytime. banks love it because they secure more interest earnings over the long term and even if homes are foreclosed they have liens on the homes and can sell them off for cash with enough equity in the homes to generate massive profits. the borrower, of course, is always at the mercy of the banking cartel. those who can pay off after a few years are the ones the banks dislike…. yet respect. the banks will then offer premium banking accounts and sell to these folks investment schemes with higher returns. when you’re there, it’s not just personal and private banking with a banking officer assigned to you but also free safety deposit boxes, private rooms, high tea, warm reception at the door, concierge services, valet parking, chaperone, festive parties, holiday dinners, seminars, etc.