I looked askance at the variable and balloon rate loans, I'm thinking, what, are they CRAZY!?

I always bought my houses with 30 yr fixed, 20% down, and then just made regular payments to the principle on my own.

It knocks down the payoff by a good many years, and builds equity way faster, etc.

laugh

Unless doing a short term house flip, I can't see why you'd risk a variable or balloon, etc.
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- TJ

2001 Xterra '03 VG33, SE 5 spd, 305/70/16's, Revolvers, UBSkidderz, Doubled AAL's, 3"SL/2"BL, winch/bumpers, skids, sliders, OBA, Snorkel, pine stripes....

Friends don't let friends drive stock.

http://www.gifsoup.com/view/501230/tj-tackling-crawlers-ridge-o.gif