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01-10-2014, 11:02 AM
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#11 |
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I can hear my ears
Join Date: Oct 2003
Posts: 25,571
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if the rate is the same, yes.
here's why: On paper, your payment will be much lower than it would if you did a 5 year, but you can always pay them the 5 year amount and it will pay off in that 5 years. but next time you need to borrow, your DTI ( debt to income ) ratio will appear lower. You just have to have the discipline to make that higher than required payment EVERY month.
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This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan |
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| mild cheddar |
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