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by Hedley Lamarr
Fri Jun 28, 2013 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Buy-Back (Not Payoff)
Replies: 2
Views: 428

Re: Mortgage Buy-Back (Not Payoff)

Thanks, that explains it.
by Hedley Lamarr
Fri Jun 28, 2013 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Buy-Back (Not Payoff)
Replies: 2
Views: 428

Mortgage Buy-Back (Not Payoff)

As a twist on the typical prepay mortgage v. invest threads, I have been thinking about the following scenario. From the bank’s perspective, a mortgage is similar to a bond. I understand that it is not quite the same as a traditional bond because each payment is both interest and principal, and the ...

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