With the low interest rates, what should I pick as a maximum on a 5 year fixed mortgage? - low interest mortgage
Because interest rates on mortgages are low, I can afford a larger mortgage when interest rates are higher. But if I have a 5 years fixed rate mortgage, do not want a house, not in 5 years when interest rates may rise to pay to be glued. So, what is the general rule for choosing a maximum mortgage?
Wednesday, January 13, 2010
Low Interest Mortgage With The Low Interest Rates, What Should I Pick As A Maximum On A 5 Year Fixed Mortgage?
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3 comments:
Never a mortgage 5 years and is one if you can afford for a house in 5 years pay only hold your money for 5 years and paid cash and pay the mortgage interest
If you have more than 40% of their net salary in the mortgage and taxes, then it is too
If you go get a fixed interest rate, then no matter whether the interest rates, your mortgage payment will be the same, no matter how many years for the financing.
If you go get a fixed interest rate, then no matter whether the interest rates, your mortgage payment will be the same, no matter how many years for the financing.
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