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Message Subject
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The Grand Finale Pt. III: Janet Does Davos (latest update p. 195)
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Poster Handle
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Saddletramp |
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Post Content
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ST, an advice please. I rent, don't own a house. Interest rates most likely won't ever be so low. So maybe it's the last chance. Renting does not give me the possibility to save enough to buy with cash. Also does not allow me to prepare well enough (a nice basement, a nice food garden).
Should I get a 30 yr fix mortgage and ride the storm? Do you see big inflation after the initial deflation?
Quoting: Anonymous Coward 51126100 If you can fix with confidence (depending on the State you live in there may be a clause even in fixed rate mortgages that if some particular rate, like prime or LIBOR or the 10Yr Treasury Note, goes over a certain percentage your mortgage could re-price automatically), and if you think your income is stable even in a bad economy, If I were able to do those things I would look at buying right now while interest rates are relatively low.
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