|
Hello,
I've an offer accepted on some investment property that I'd like
to buy. I sent the offer to purchase to my bank and they came back
and said I was approved for a 3 year fixed 20 year amortization loan
at 9.25% interest rate. I orginally asked for a 10 year loan with the
option to pay off the loan early. I think the interest rate is very
high and the 20 year amortization can possibly change the interest
rate. Can someone offer me advice? Thanks.
|
|
Newbie Q about fixed interest rates and 20 yr amortization loan
