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Yon: A Mortar at Night

206
jwb76051/15/2009 10:18:23 am PST

re: #198 broomer

I have a financial question here as I know this is a financial savvy group. If I were to buy a house this summer and there’s a good chance of inflation, what’s my best option?
1) Forgo buying a house and rent an apt
2) Buy the smallest house I can afford to pay in cash
3) Get a 15 years mortgage with fixed rates
4) Get a 30 years mortgage with fixed rates

(Gonna sell my house this spring to capture the equity)

I went with 3).
Got a loan that accepted overpayment, too. Sorta like a 10-year loan.