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re: Current Mortgage Rates
Posted on 5/29/20 at 12:50 pm to lsujro
Posted on 5/29/20 at 12:50 pm to lsujro
quote:Ah, reinvesting the difference, that does make sense. Thanks!
Benefit of the 30 year for most is it keeps your cash free to use elsewhere. 3% is a remarkably low interest rate. If you are disciplined enough to use the extra $ to invest elsewhere, you have a potential to make a higher return. It also helps you if you're ever in a future cash crunch and struggling to make the higher payments.
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