In an effort to lure people into more and more debt, lenders are now offering a 50-year mortgage. Even more crazy is the fact that a handful of small lenders have begun offering 50-year adjustable-rate loans to buyers who need to keep payments low in the current economic environment. That’s right, a 50-year adjustable. Americans should do themselves a favor and not buy more house than they can afford. That way, they don’t have to get a 50-year loan that will cost them millions of dollars in additional interest in the long run. This is crazy. It’s a sign that prices are too high and interest rates aren’t helping. Burst ahead.

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