Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!


Forgot your password?
Check out the new SourceForge HTML5 internet speed test! No Flash necessary and runs on all devices. ×

Journal Journal: Truth about 30 yr "Fixed" Mortgages: NOT Fixed

Mortgage Bankers have a Dirty Little Secret. that Secret is there is NO SUCH THING as a "fixed" Mortgage in Reality. A 30 year fixed mortgage for $200,000.00 at 6% in reality can carry a "true" interest rate of 35% or more and fluctates daily. The minimum interest rate you will pay in this scenario is 6% and that is ONLY if you stay in this same mortgage for the full 30 years.


Slashdot Top Deals

"The urge to destroy is also a creative urge." -- Bakunin [ed. note - I would say: The urge to destroy may sometimes be a creative urge.]