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Posted on 6/16/15 at 12:52 pm to HailToTheChiz
It depends, but by paying the amt due each month, you will certainly have less equity after 7-8 yrs in a 30 yr vs 15.
Posted on 6/16/15 at 1:38 pm to HailToTheChiz
quote:
but for those folks who only plan to be in the home 7-8 years, isnt the 30 year fixed the way to go?
No, take a 7/1 amortized on a 30 and it's usually about 1% cheaper APR for the life of the loan. It's just a dirty word to suggest it in my business.
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