Here are the 15, 30, and 50 year amortization tables for a $500k 6.5% loan. If you take the 50 year loan at age 30, by the time you turn 50, you will still owe $447,235 after paying 632,749 in usury. This is literal indentured servitude. Oh, & they own the house until you're done
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Replying to @treblewoe
No. You own the house. It is simply collateral for your loan. You can pay the mortgage off early.

Nov 8, 2025 ยท 10:17 PM UTC

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Replying to @NH_Ranger @treblewoe
That means the bank owns it
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Replying to @NH_Ranger @treblewoe
If you miss too many payments, the bank kicks you out because you don't own it.
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Replying to @NH_Ranger @treblewoe
Stop paying property tax. You'll find out soon enough who actually owns the house.
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Replying to @NH_Ranger @treblewoe
"Instead of being poor, just have money"
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Replying to @NH_Ranger @treblewoe
So people canโ€™t afford a 2300 monthly payment but they can afford a 2000 a month payment and pay it off early with the 300 a month savings they spent on groceries because they couldnโ€™t afford the 2300 payment? Make it make sense
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Replying to @NH_Ranger @treblewoe
Lol, "own the house". No, the bank owns it, you have a promisarry note to pay it back. You own nothing until the loan is paid off.
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Replying to @NH_Ranger @treblewoe
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Replying to @NH_Ranger @treblewoe
You don't own the house when you have a mortgage. The bank keeps the deed until you actually buy it off them. For this reason, I paid cash for my house. I hold the deed.
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Replying to @NH_Ranger @treblewoe
Don't take out loans. Just buy houses immediatly.
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Replying to @NH_Ranger @treblewoe
A distinction without a difference.
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Replying to @NH_Ranger @treblewoe
So weโ€™re back to a 30yr loan, huh?
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Replying to @NH_Ranger @treblewoe
Loan paid off or not, property tax assures the state you don't fully own your home. You pay them for the right to live there - with or without a mortgage. Complete scam and everyone needs to stop paying it.
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