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Whiskey, Tango, Foxtrot | I sort of view it like buying insurance. Pay a little more now, to not have to take a big hit later.
That said, for 10 years now I've been saying interest rates would probably go up next year. It has cost me a lot of money over the last 10 years. But, I always knew what my payments would be. First ground I bought will be paid off next year, locked it in at 7% 12 years ago, and thought that was cheap. ARM would have saved me a lot of money in interest, but I've heard enough horror stories from the 80's I wanted the fixed rate. Never lost any sleep over the extra interest $$$ paid, but had interest rates jumped I could see a guy getting nervous. | |
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Ag direct. Any one use/used it?
