Latest Home Loan Interest Rates Why Would My Banker Say A Longer Higher Interest Loan Would Be Better For Us?

Why would my banker say a longer higher interest loan would be better for us? - latest home loan interest rates

Apart from more money. We have consolidated a group of debt on a mortgage. We were very pleased with the 15th It offered a larger loan, funds from the payments to be consolidated and 30 years, together with higher interest rates and only 80 less than our payment to the loan over 15 years.

I think the idea of $ 80 can help us, and if we move and sell the house, our debts are paid and that any case would be a 80 months have been extra. But that is only on the condition that (a that) we are moving in 15 years, and (b) We need more money and refinance later.

The difference in interest paid of 30 years of combined lending and borrowing two of the 15 was 183,000.

Thus, clear ... She looked at your bank to make more money?

People of money ... shed light on this please?