True, then again I am considering refinancing from 4 1/2%, it might save me a lot.
True, then again I am considering refinancing from 4 1/2%, it might save me a lot.
Absolutely noting wrong with that. The danger is for those who have maxed out their mortgage payment to get into a house, where an increase in the interest rate may make the value of the house go down. Now if they have to sell, it would be at a loss.