3 ms·
If you look at it from the bank's perspective it makes more sense. I got a 5 year and paid it off early. The bank got about 8% of my home value. My friend has a
by elif 5y ago
If you look at it from the bank's perspective it makes more sense. I got a 5 year and paid it off early. The bank got about 8% of my home value. My friend has a 30 year and the bank will get ~110% of his home value.
- aidenn0 5y agoThis is for 30 year 5/1 ARMs the term is the same, but the rate is not locked