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Are smartchoice 7 year quicken loans a good idea?
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05-21-2008
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Are smartchoice 7 year quicken loans a good idea?
Right now my fiance and i have a 30yr fixed rate mortgage at 6.5%. We have good but somewhat limited credit as we are young. Unfortunately we are still paying PMI (only owned home for 14mos.) and our mortgage is strapping us down quite a bit, to the point we cannot see being able to have children for a very long time. Are these loans something safe to go forward with? They are not fixed rate after the 5 or 7 years (I could go back to work by then). I feel we have a pretty good interest rate now.....any feedback?
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