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Hi Tim,
You are welcome!

Generally, I would think the 3-year would perform better than the 5-year on average. You?
It would depend on;
1) how much the discount is on the shorter term costs,
2) how long the overall leverage will be desired,
3) how you employ your cashflows from the lowered terms,
4) what the future holds in rate market risks,
5) whether a rising rate market generates a greater return on your saved dollars than the greater cost on your leveraged dollars.

Regarding #4, I think that today's Fed yammering morethan confirms what my technical analysis has been suggesting for 8+ years now; We are in for a very long time going forward of seriously suppressed interest rates (aka "ZIRP"... Zero Interest Rate Policy.)

#5 generally negates risks of #4 anyway, and often turns it into a golden consequence.

Dave Donhoff
Leverage Planner
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