Asked by Donna, 38138 • Wed Feb 23, 2011
Once sold, will use the proceeds of that sale to pay off the out of state home. What is the best mortage to take to pay the lowest amount in interest (since we will only be borrowing the money short term). A 5 year balloon or a longer term fixed rate loan? We would prefer to pay interest only while we are borrowing the money and pay the principal back early.
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