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USA | Two places that offer that kind of rate, one is variable, one fixed for 3 years. Why do you think variable rates are that risky? My guess short term rates don't have much risk of going over current long term rates for the next several years.
Take the int savings and plow into additional principal payments or better yet invest the savings into something that has a 20% ROI per year. Those that have played the long term int rate game vs the short term rate , have taken it the shorts over the last 10 ears. 2% int savings over 10 years = 20%.
20% savings is a pretty good cushion.
Edited by coup 9/10/2013 23:00
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