03-17-2011, 05:57 PM
pinion wrote:
If you decide to buy make sure you buy something that you can afford a 15 year mortgage on. It's not that much more a month and you'll save a TON in interest.
I recommend the opposite, and it is actually a whole lot more per month. I have a house with 7 years left on its mortgage and I'm refinancing to 30 yrs. With 4.875% interest, all of which is tax deductible, locked in for 30 years its the cheapest money you'll ever get. Unless there is NOTHING in your future you may want to spend a substantial sum on, that is. But this is way OT since kap doesn't seem to be house hunting.