3 ms·
This is correct, you will pay more to service the loan but only until you can refinance it. If you pay more in a low interest rate regime you have no way to im
by ltbarcly3 4y ago
This is correct, you will pay more to service the loan but only until you can refinance it. If you pay more in a low interest rate regime you have no way to improve your situation, and no way to sell if you need to.
- _huayra_ 4y agoYes, I would rather pay usurious rates with a commensurately low price. Even though it would be terrible basically having the vast majority of my monthly payment going purely to interest for a long time, it's possible to: - refi at a lower rate in the future - sell the house without having to take a huge loss compared to low-% bagholders