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Lock interest for 15 or 30 years ??
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Dingaling
Posted 11/23/2012 06:06 (#2711926 - in reply to #2709975)
Subject: Re: Variable? NO WAY!!!



Owings, Maryland 38.6856 N 76.6752 W
I had a variable rate mortgage years ago, I would do it again today but fortunately my mortgaging day are about over... There is a guy paying 4 1/8 telling a guy paying 2 1/2 to never do a variable,,, hilarious !!! The saver on the variable rate that he is probably not aware of in the midst of telling a story of doubleing payments is,,, generally speaking of the variables, they have a 1 point cap per year, no more than a 1 point increase or decrease each year...... They can be good, and you can always change out for little or nothing...
easy,,, you're getting ahead pretty good with 2 1/2...
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