Yesterday I checked rates and programs for a few clients interested in Five-year fixed rate loans. They only make sense if you don't plan to stay permanently in your current home (or new one). These loans are available in amortizing and interest-only loans, and depending on loan size, come are for minimum ten-year interest ony periods, although the rate is only fixed for the first five.
WOW! A rate under 4% for five years is something to talk about!
No comments:
Post a Comment