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| wade - lets not get hung up on words. anytime you are spending that type of money in one way or another it is an investment...not all have returns and some you lose on. in this case, financing for 10yrs is a bad investment. the difference between 10yrs and 6yrs is roughly 8k in interest payments or 1/4 of the purchase price.
to me, and being a commercial banker, this is what we would call a dumb borrower...but the kind most banks like if they offer a 10yr program.
guess, it really doesn't matter and i probably should not have even started posting on this thread... | |
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