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Personal Finances / Buying or Selling a Home


Subject:  Re: help: loan decision Date:  2/9/2000  2:52 PM
Author:  zay34kc3 Number:  8962 of 128887

For my purchases, I always go with 30-year fixed and the lowest CC, no point loan I can find. The future in uncertain, but the CC and fixed rate is guaranteed. I also refinance liberally. It's a hassle, but so is earning the money that I just saved. The banks are offering you a long-term fixed rate, but let you pay it off if rates go in your favor....pretty good deal if you ask me.

this is also my preferred method. one can also simply make additional payments, either yearly or monthly, to speed up paying off the mortgage. should events require immediate cash, you can simply stop the extra payments without affecting your mortgage.

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