# I pit mortgage companies **URL:** \ **Category:** The BBQ Pit\ **Created:** [January 3, 2009, 1:51pm UTC](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698 "2009-01-03T13:51:32Z")\ **Posts on this page:** 6\ **Page:** 11
**Author:** ![kidchameleon](https://avatars.discourse-cdn.com/v4/letter/k/898d66/32.png) [@kidchameleon](https://boards.straightdope.com/u/kidchameleon)\ **Post date:** [January 9, 2009, 5:34pm UTC](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698/201 "2009-01-09T17:34:24Z")
> [@gonzomax](#): > > Simple math ,easy logic. Yet beyond you. ---
**Author:** ![pulykamell](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pulykamell/32/3166_2.png) [@pulykamell](https://boards.straightdope.com/u/pulykamell)\ **Post date:** [January 9, 2009, 5:40pm UTC](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698/202 "2009-01-09T17:40:52Z")
We all know mathematics has a corporate bias. This thread truly amazes me. ---
**Author:** ![Voyager](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/voyager/32/133_2.png) [@Voyager](https://boards.straightdope.com/u/Voyager)\ **Post date:** [January 9, 2009, 5:42pm UTC](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698/203 "2009-01-09T17:42:38Z")
> [@gonzomax](#): > > Only sheeple complain about the term. Fact is most mortgages are 5 years or less. Therefore the amount of money paid to a mortgage company is far above a 6 percent. That is pretty simple to grasp. The idea that it would be more reasonable if it ran the term is not the point at all. They do not run full term. You pay a bucketload of interest and very little equity . Simple math ,easy logic. Please let us know the axiomatic definition of the number “bucketload.” And you can pay as much equity as you want, so long as you you pay the agreed upon interest on the money you have borrowed first. I’d ask for a cite that most mortgages run less than five years, but it would be hopeless. In any case, I’ve already explained that the situations of staying with a mortgage 10 years and getting two mortgages for the same interest rate over ten years are identical. ---
**Author:** ![Gangster\_Octopus](https://avatars.discourse-cdn.com/v4/letter/g/a8b319/32.png) [@Gangster\_Octopus](https://boards.straightdope.com/u/Gangster_Octopus)\ **Post date:** [January 9, 2009, 5:51pm UTC](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698/204 "2009-01-09T17:51:46Z")
> [@gonzomax](#): > > Only sheeple complain about the term. Fact is most mortgages are 5 years or less. Therefore the amount of money paid to a mortgage company is far above a 6 percent. That is pretty simple to grasp. The idea that it would be more reasonable if it ran the term is not the point at all. They do not run full term. You pay a bucketload of interest and very little equity . Simple math ,easy logic. Simple math, easy logic yet the fact that one month or thirty years you are paying 6% no matter what is beyond your comprehension. ---
**Author:** ![zut](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/zut/32/2875_2.png) [@zut](https://boards.straightdope.com/u/zut)\ **Post date:** [January 9, 2009, 6:06pm UTC](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698/205 "2009-01-09T18:06:05Z")
> [@gonzomax](#): > > The idea that it would be more reasonable if it ran the term is not the point at all. They do not run full term. You pay a bucketload of interest and very little equity . Simple math ,easy logic. The fact that one pays a bucketload of interest and gets very little equity is a function of how calculating interest works. That would be the “simple math” you’re referring to. > [@gonzomax](#): > > Fact is most mortgages are 5 years or less. Therefore the amount of money paid to a mortgage company is far above a 6 percent. That is pretty simple to grasp. And yet, every single person in this thread disagrees with your conclusion here. Not because you hold an unpopular position on a debatable topic, but because you are factually wrong. You’re arguing the Earth is flat. I’m curious now: Is there anything at all that would prod you to re-examine your logic, or is there literally no factual information that would alter your belief? ---
**Author:** ![Giraffe](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/giraffe/32/129_2.png) [@Giraffe](https://boards.straightdope.com/u/Giraffe)\ **Post date:** [January 9, 2009, 6:22pm UTC](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698/206 "2009-01-09T18:22:01Z")
> [@gonzomax](#): > > Only sheeple complain about the term. Fact is most mortgages are 5 years or less. Therefore the amount of money paid to a mortgage company is far above a 6 percent. That is pretty simple to grasp. The idea that it would be more reasonable if it ran the term is not the point at all. They do not run full term. You pay a bucketload of interest and very little equity . Simple math ,easy logic. OK, it’s clear you have no interest in actually engaging anyone in discussion, but just want to repeat the same nonsense over and over again. With most people, I’d assume trolling, but you have the dubious distinction that genuine stupidity is a fairly plausible explanation. Regardless, any more Pit threads in the near future from you with a similar pattern and you’re going to get a warning. [Previous page](https://boards.straightdope.com/t/i-pit-mortgage-companies/479698.md?page=10)