Homebuyers BEWARE of the 40 Year FHA Mortgage #shorts

FHA has given the green light on 40 year mortgages, but BEWARE 🚫 what these loans are truly costing you and your family! It will blow your mind how much more those extra years will cost in interest 🤯

#mortgage #fha #homeloans #homeloan #interest #interestrates #homebuying #homebuyers #homebuyertips #mortgagetips #realestate #realestateagent #realestateteam #metrodetroit #annarbor #michigan

With multiple office locations in Metro Detroit and Ann Arbor, The Perna Team is an extension of EXP Realty and has been in business since 2010. Michael Perna, founder and CEO of the Perna Team began his real estate venture in 2001 and has grown The Perna Team into Southeast Michigan's top performing real estate team, serving over 1000 families with their real estate needs each year. With over 100 licensed real estate professionals and more 5-Star ratings than any other real estate team or professional in the state of Michigan, The Perna Team is an ever growing company that strives to get families into their dream home.

Call us today for any and all of your real estate needs @ 248-221-2777

The Perna Team
39475 W 13 Mile Rd STE 103
Novi MI, 48377
248.221.2777

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[markalexander]

This is only for loan modifications. Not new purchases though.

[Jrod]

What’s a trap about it? That’s the cost of financing you pay interest. You get affordable financing.

[shawnglover]

Your monthly pay goes down. Good deal.

[thegods]

It's good if you're not gonna stick to the terms and pay it off way sooner, saving you money on the interest.

[ryanm]

So pay 1.5 million over 40 years for your 200k home makes sense lol