Is it the “end of the 30 year loan?”

Real Estate Broker/Owner with Independent Real Estate Broker DRE#00972295

Is it the “end of the 30 year loan?”  I was just reading an LA Times article:  Are we facing the end of the 30-year fixed-rate mortgage?   “Many housing proponents say that it will”.... “they contend that the 30-year mortgage will become a relic of a bygone era when mortgage money was cheap and easy to come by.” ....



Are FHA, Fannie Mae, and Freddy Mac three different entities?  Can someone give me the simplest explanation of these three programs?



How will the dismantling Fannie Mae and Freddie Mac affect residential real estate?  Has it been confirmed that the Government is going to eliminate them?




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Aida Pinto (562) 884-6196
Los Angeles County
Real Estate Broker

The Real Estate Maven :


Short Sale, Probate and standard real estate expert.


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end of the 30 year loan

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John Saari
Worcester, MA
"The Mortgage Buddy"

I don't think they will do away with the 30yr loan. There is too many investment vehicles structured around this product.

May 23, 2011 03:11 PM #1
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

nope, I don't think it's going anywhere.  40 year interest only... maybe gone forever, but 30 year fixed....  I'm not drinking that kool-aid

May 23, 2011 03:13 PM #2
Aida Pinto
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196

Thanks John and Tammy for your input.

May 24, 2011 03:33 AM #3
EC, JF, Double R and Zoey the Cool Cat
Russel Ray Photos - San Diego, CA

I have a friend who has a 40-year mortgage. I wonder who does those, but I thought it was smart on his part, especially since people move around so much in today's mobile world.

May 25, 2011 10:48 AM #4
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

We'd be much better off if they would eliminate 6 and 7 year car loans !!!!!!!!

Jun 01, 2011 01:09 PM #5
Aida Pinto
Independent Real Estate Broker - Los Angeles, CA
Real Estate Broker (562) 884-6196

@at Eric...thanks for the comment....I agree....I like the 40 year loan, wish I could get one....of course it's not for everyone


@Michael....thank you as well for your comment....I've already eliminate the car loans from my car I'm buying will be cash...I'm saving up for it and will be paying myself interest!

Jun 02, 2011 03:05 AM #6
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Aida Pinto

Real Estate Broker (562) 884-6196
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