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Tax Implications of Fixed Rate Loans
Your interest deduction on a fixed rate loan will also be higher. Another important factor is the amount of time you plan to stay in your home. If you plan to stay in your home for many years, then you probably should consider a fixed rate loan. If you only plan to be in your home a short time you may want a loan with the lowest possible payment. You don’t care if the interest rates go up after your gone! So, weigh your options carefully and ask a lot of questions. You may have this loan for a long time and you want to make sure you select the right one for your situation. Fl Mortgage Rates
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February 16th, 2010
Posted by admin in Finance |
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