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Economy and General Discussion
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Re: Variables or Fixed Rate Mortgage?
Posted by: Anonymous User
Date: 12/05/2007 09:28AM
if rates are headed down for a while, the variable rate will adjust downward without your having to pay a re-financing fee. few people consider this benefit, but strangely they dont mind paying thousands to refinance because they will "save money" on the monthly payment
of course, variables may not offer the discount to fixed that they used to
of course, variables may not offer the discount to fixed that they used to
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