20 year loan for RV?
A friend of mine was telling me that I can get a 20 year loan on most new RVs. Is this true? Now I realize how people afford those Class A RVs.
Forum Discussion
free radical wrote:A1ARealtorRick wrote:wildtoad wrote:
However, just because you get a twenty year loan, doesn’t mean you have to take twenty years to pay for it. You can make double or triple payments, but if you run into a financial difficulty for a while, you can make only the required payment, or no payment at all for a while.
Well stated. That's why I like 30-year mortgages on homes, especially for new buyers.
Plus, I always get a kick out of buyers, especially very young buyers, saying that they're buying their "forever home" ..... yeah, right. Chances are about 1 in 7 (at best) that it will indeed be their 'forever' home.
Why shouldnt it be forever,if someone is happy livin in neigborhood they like.?
Plus houses apreciate in value in most instances.
One of my nephews bought tiny 2 br house many moons ago for 40 grand and now its worth Milion and half
Oh, it certainly COULD be their forever home. The point I was making is that chances are very slim that it will actually turn out to be their forever home.
And yes, there are those that bought low and now have a wonderfully valuable asset on their hands......as well as those that bought in the middle of the balloon (2005-2007) and lost it all.
The Real Estate pendulum swings both ways.
