Interest Rates Question...

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

Comments(3)

  • perfecto21st May, 2004

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

    ALWAYS follow conventional wisdom.

    Or not.

  • perfecto21st May, 2004

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

  • bernel7721st May, 2004

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

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