RE:RE:RE:Amortization reduces impact of B-20Your argument lacks sense and meaning. "1) entices people to
borrow more than they can chew by
loweering the monthlt payment" If there is a lower monthly payment they are therefore 'chewing' less not more. Reason two is a valid point to make, but longer amortization results in more interest earned over time and for a longer time. Also note that any mortgage amoritzation over 25 years requires at least a minimum down payment of 20%.
Grisha6 wrote: hardly more stable for 2 reasons 1) entices people to borrow more than they can chew by loweering the monthlt payment and 2) reduces (significantly) the build up in collateral, thereby increasing lenders exposure during market corrections or slumps.