Hi, I'm new here.
So a new bank came to my city and made a big splash announcing better mortgage rates. Already had my home but I hated my bank and my 30 year loan which never seemed to go down. I switched banks and opted for a 15 year loan.
At the same time, my friend decided to buy a home a few houses away, and got a loan at the same new bank, but asked for a 30 year loan.
I'm happy with the deal I got. It feels good to see my bank statement, and see the principal going down. But my friend claims he got the better deal, because he got a lower monthly payment, and can make an advance on the principal at the time he chooses (I can too).
So, what do you think?
Submitted August 15, 2019 at 03:06PM by moreannoyedthanangry https://ift.tt/2N8dBFC
