ilmscore | Prediction Details
"the longer the bank has to go without their money the riskier the investment is and so when you compare a 15-year mortgage with a 30-year mortgage a 30-year mortgage is going to seem a little bit riskier for the bank because their money is is going to be with you for 30 years and so the bank is going to charge you a little bit higher in interest with a 15-year mortgage the bank is going to get their money back in 15 years not 30 years and so they can charge you a little bit less in interest because it's less risky for the bank"
By Minority Mindset | January 7, 2024 | Pending
From video
This LOOPHOLE Lets You (Almost) NEVER Pay a Mortgage Bill Again 00:41:11 - 00:41:38
Interpreted Prediction
A 30-year mortgage is considered riskier for banks than a 15-year mortgage because their money is tied up for a longer period, leading to higher interest rates on 30-year loans compared to 15-year loans.

Prediction Details

Topic
15-Year vs. 30-Year Mortgage Risk for Banks

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