I just lowered my monthly payment
July 7th, 2008 by
admin
That is right, I had a variable rate loan. I took advantage of the recent mortgage refinance boom. I had one of those low low interest rates with a three year variable rate loan. But I see the times a head and they are a little shaky at best. There is no point trying to ride the wave till the very end only to come crashing down on the beach. No, so I refinanced our mortgage to a fixed rate thirty year loan. I may loose out on a couple of years of low rates, but in the long term I will be one of the lucky ones to lock in such low interest rates!
Posted in Business |