06-09-2011, 01:18 AM | #17 | |
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Join Date: Nov 2008
Location: Anaheim, CA
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Quote:
I would rather have an interest only payment that I can pay principle, but not have to be obligated to pay principle/interest in case of loss of work or a big expense as long as the interest rate is not higher than a 30yr fixed. As long as you make the principle payments, you are no different than the 30yr fixed loan.
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