Originally Posted by skabone69
I'm going to get a 30 year fixed when I go buy my condo in a few months. I'm not willing to try the intrest only loan. I want some equity in my property.
How long are you planning on being in it? What about an ARM? Or a 7 year balloon?
If you really want to work on your principal, what about a 15 year fixed? Payments will obviously higher, but not all that much 15 year fixed rates are pretty low right now.