To: Skywalk
I agree. It's best to have the low monthly payment of a 30 year and just prepay it if you have the extra dough. At least then, if you hit a rough spot, you're not stuck with a killer high monthly payment.
To: AmericaUnited
That's yet ANOTHER aspect. If you DO hit rough spots, a huge monthly IS going to get your house taken from you.
38 posted on
06/02/2003 5:50:44 PM PDT by
Skywalk
To: AmericaUnited
I agree. It's best to have the low monthly payment of a 30 year and just prepay it if you have the extra dough. At least then, if you hit a rough spot, you're not stuck with a killer high monthly payment.
Excellent point.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson