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re: 1st mortage, is 4.5 a good rate on 30 yrs?
Posted on 4/2/14 at 2:36 pm to jtmiller02
Posted on 4/2/14 at 2:36 pm to jtmiller02
quote:
the only real way to get a good deal on a house is to pay down the mortgage much quicker than 30 years.
How you handle the financing has nothing to do with the value of the house. If your borrowing rate is less than the rate of inflation (taking into the account the mortgage tax break) you should string it out as long as you can. It is literally free money.
1
Posted on 4/2/14 at 2:40 pm to foshizzle
But Dave Ramsey told them to pay it off in 4 years.
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