Originally Posted By: tonyc
Yeah, we're definitely going fixed rate if we do this -- both the current loans are fixed, but at much higher rates, and with a balloon on the second.

I actually did consider going with a 20-year or 15-year fixed to get a lower rate, since I don't buy into the inflation boogeyman theory, but the rate difference isn't quite enough to make it worth stretching our monthly budget that much.


Look at the total amount paid in 15 yrs vs. 30 yrs. If the payments can be handled, it's worth doing. The extra amount paid goes mostly to equity.
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Glenn