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submitted 3 months ago by btaf45@lemmy.world to c/usa@lemmy.ml

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[–] mke_geek@lemm.ee 2 points 3 months ago (1 children)

1 year is not an example. Many mortgages are over 30 years.

[–] jordanlund@lemmy.world 0 points 3 months ago

As is mine, but I can only report what I've seen. ;)

The mortgage will go down again when the mortgage insurance drops off, but I have to have xx years of equity before that happens.