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re: 15yr Mortgage... Where to begin?
Posted on 6/24/13 at 10:17 pm to Zephyrius
Posted on 6/24/13 at 10:17 pm to Zephyrius
Rates are climbing high enough now that doing the 15 may be worth looking at again.
Bear in mind though that just because a rate is lower doesn't mean it is better if you have to pay a higher note. The sweet spot is the rate of inflation. If you are paying a lower rate than that you are losing money.
If the rate on your loan is the rate of inflation you should never pay extra to reduce the rate.
Bear in mind though that just because a rate is lower doesn't mean it is better if you have to pay a higher note. The sweet spot is the rate of inflation. If you are paying a lower rate than that you are losing money.
If the rate on your loan is the rate of inflation you should never pay extra to reduce the rate.
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