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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (84995)8/14/2007 7:57:37 AM
From: KyrosL  Read Replies (1) | Respond to of 110194
 
In most countries in Europe the maximum mortgage you can get is around 80% of the value of the house, and the bank that made it holds it. The maximum term hovers around 30 years, although in some it's as long as 70 years (France). Most people buy a house for life, they don't "upgrade" every 7 years like in the US. The UK comes closest to the US in mortgage flexibility.


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