Why taking over a cheap mortgage may be too expensive
This is just another instance of playing cat and mouse with “well-meaning” government bureaucrats. Actually, it’s more like Goedel’s Theorem, but that’s for another day. The problem began with the infamous “due on sale” clause instigated by lenders in the 1970s when interest rates went sky-high. Remember interest rates of 14%?? People were assuming low-interest loans and …
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