The Real Stuff: 5 reasons it’s smarter to buy than rent#3
5 reasons it’s smarter to buy than rent #3
Increasing interest rates add up fast. An interest increase of 1 percent results in about a 25 percent increase in interest costs over the life of a 30-year fixed-rate loan. An increase of two percentage points in interest results in a whopping 50 percent increase in the amount of interest paid. That’s why it’s smart to buy now when rates are at historic lows.
\nBy: on April 16th, 2012 Category: Uncategorized