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Originally Posted by floatingslowly
I'd like to know who gives out 30 year loans to octogenarians, what 87 year old takes out such a loan and fully expects to pay it back??
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I'm a financial analyst, so I can shed some light on this. You see, if she's 87 years old when she takes out a 30-year loan, that means she will have to pay it off within 30 years. That means she has until she's 91 years old to pay it back. Now, 91 is kind of old, but it's not that unreasonable to expect her to live that long.