Comment by technotony
2 days ago
Interest rates have fallen dramatically over this period, which increases the ratio that is affordable.
2 days ago
Interest rates have fallen dramatically over this period, which increases the ratio that is affordable.
High interest with low price has the advantage that you can decide to pay more into the principal, reduce the interest you are paying and so reduce the total amount you are paying. You can’t do that with high price and low interest.
Yes and: You can also refinance later if rates fall.