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i hate shopping for a mortgage :mad:

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Old Mar 1, 2007 | 09:02 AM
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Default i hate shopping for a mortgage :mad:

i dont know what terms i want...

What are you terms? I think i might go for a 5 year variable rate, open... its at prime -0.9%
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Old Mar 1, 2007 | 09:04 AM
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10/30 fixed interest only

then pay principle if you wish
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Old Mar 1, 2007 | 09:15 AM
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5.125% 15 year fixed. but should be done with it in another 3 years.

and adjustable rate these days... good luck with that.
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Old Mar 1, 2007 | 09:16 AM
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Originally Posted by FDragger
10/30 fixed interest only

then pay principle if you wish
bad idea
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Old Mar 1, 2007 | 09:18 AM
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Originally Posted by DakarM
5.125% 15 year fixed. but should be done with it in another 3 years.

and adjustable rate these days... good luck with that.
why? it would variate that much... if on thing IMO the rate will go down soon.
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Old Mar 1, 2007 | 09:22 AM
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a lot can change in 10 years. if you have moola like :rick: then do the 15 year thingy. or do 30 years and pay bi weekly. i hate talking about mortgages on here because its all opinion and i get stupid response from people like RB
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Old Mar 1, 2007 | 09:29 AM
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Originally Posted by FDragger
a lot can change in 10 years. if you have moola like :rick: then do the 15 year thingy. or do 30 years and pay bi weekly. i hate talking about mortgages on here because its all opinion and i get stupid response from people like RB
It's not a stupid response. Interest only mortgages are basically like paying rent. Nothing more. Sure, if you want to throw your money away and make no advancements on paying off your property all to save some money now, go right ahead...but interest only loans are a risky gamble and assume your property value will increase substantially.
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Old Mar 1, 2007 | 09:31 AM
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ps- I just didn't support my case. Don't assume its a stupid opinon.
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Old Mar 1, 2007 | 09:34 AM
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shut up rb
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Old Mar 1, 2007 | 09:34 AM
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Originally Posted by RB
It's not a stupid response. Interest only mortgages are basically like paying rent. Nothing more. Sure, if you want to throw your money away and make no advancements on paying off your property all to save some money now, go right ahead...but interest only loans are a risky gamble and assume your property value will increase substantially.
never even heared of interest only mortgage h:
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