David
Joined: 19 May 2004
Posts: 754
Location: Atlanta, GA
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| Posted: Fri Jul 02, 2004 11:26 pm Post subject: Advantages/Disadvantages of Fixed Rate Loans |
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Advantages
lower down payment
Maximum interest deduction for taxes
often easier to qualify
possible secondary financing if needed
stable and predictable payments
high loan to value
Disadvantage
interest rate is higher compared to adjustable rate loans
Lower debt ratio (Larger Income to qualify)
monthly payment is higher than with adjustable (at least initially) |
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