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.
Your property will get equity if house prices keep going up. Its just that you wont be putting any money into it of your own. If you think about it, most of ur montly payments are intesrt anyway, maybe like 1-300 bucks a month of a 1500-2000 house mayment goes to principle.