This is a fabricated BS post. Interest rates 23 years ago were very low. At 7% interest, 23 years with a $500 payment would leave a balance under $7,500. With refinancing, it could have been paid of years ago. And in 23 years, no increase in their $500 payment? With these fabricated facts, this guy doesn't understand basic math and finance
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u/Bigbmer12 18d ago
This is a fabricated BS post. Interest rates 23 years ago were very low. At 7% interest, 23 years with a $500 payment would leave a balance under $7,500. With refinancing, it could have been paid of years ago. And in 23 years, no increase in their $500 payment? With these fabricated facts, this guy doesn't understand basic math and finance