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WY, OK | You'd buy, say today 9/2/18, use your Down payment today then on 9/2/19 you'd have your first annual payment due. Never heard of bank that would float 2 years, maybe could go a few extra months if harvest timing was bad and you had a substantial % down. We always lined up our payments for the fall/winter to be after calves sold. The amount of increased interest for floating a full 2 years out of the box would be horrendous. | |
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Mortgage Question
