Posted 6/24/2015 23:22 (#4644655 - in reply to #4641477) Subject: RE: Ag direct. Any one use/used it?
Ben why didn't you refinance as rates were dropping? As far as variable vs fixed, the most interest is paid on the front end of a loan so taking the cheaper rate (variable) on new loans is preferred because you'll pay less interest, can lock in a fixed rate if interest starts to rise, and banks are limited to how fast rates can rise.