(07-08-2023, 04:28 AM)NightskyeB4Dawn Wrote:(07-08-2023, 03:48 AM)MisterSpock Wrote: Well on a 90 year note, the monthly payment should be pretty low.
Granted, don't look at the details, as I'm sure that 300K you borrowed will probably cost you like 1M in interest or more.
At a 90 year term, I hope they through in a plot and a casket for free, you are more likely to see that before you see the loan repayed.
@ Infolurker
This is pure straight up usary.
They should all be locked up for even thinking about it.
I don't like that terminology, as it's usually used by idiotic children that think they should have access to other peoples money for nothing and usually follow it up with something about capitalism.
The fact is, it takes two to tango. The bigger issue is the lack of education with regard to finances that our youth(youth relative to us, so even like 30 year olds, let alone school aged) receive in our "education" system.
If anyone even mentioned a 60 year term to you or I, we'd possibly die of laughter, nobody taught these kids otherwise, that's the crime.
Nobody is forcing anyone to sign these documents.