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Interest Rates Question...

bernel77 profile photo
  • Friday, May 21, 2004 @ 10:58 PM EDT
  • 3 Comments
Hello all, I'm about to buy a property to hold/rent. My broker is offering me: 3 years fixed=4.875 or 30 years fixed=6.25 The difference in the mortgage payment is $80 a month. What would you do??? Thanks... Bernel
  • (3) Comments
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  • perfecto
    perfecto21st May, 2004
    0
    Reply

    Watch the news and listen to what "conventional wisdom" says.

    ALWAYS follow conventional wisdom.

    Or not.

  • perfecto
    perfecto21st May, 2004
    0
    Reply

    PS...you also don't provide anywhere near enough details for anyone to advise sensibly.

  • bernel77
    bernel7721st May, 2004
    0
    Reply

    Condo. 1/1. Good area.
    What other info would help you help me?

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