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Central WA | Been there, done that on the 18% interest. In these times with extremely low interest rates AND the government printing money faster than toilet paper, I am inclined to make sure I have at least one big loan at a fixed long-term rate that has no pre-payment penalty. If inflation takes off this kind of loan will be paid off with dollars that will buy a lot less in the future than the value of the money today.
Clovis | |
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