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06-08-2011, 10:02 PM | #1 | |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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Quote:
To me it's kind of like the chumps who take out a 72 month loan on their car, just so they can get a Lexus they otherwise couldn't afford. Last edited by Homeslice; 06-08-2011 at 10:05 PM.. |
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06-09-2011, 01:18 AM | #2 | |
WSB Champion
Join Date: Nov 2008
Location: Anaheim, CA
Moto: 2009 Kawi ZX6R
Posts: 5,570
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Quote:
I would rather have an interest only payment that I can pay principle, but not have to be obligated to pay principle/interest in case of loss of work or a big expense as long as the interest rate is not higher than a 30yr fixed. As long as you make the principle payments, you are no different than the 30yr fixed loan.
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