If I am getting ~0.25 difference in a 5yr vs 7yr variable rate (3.5 vs 3.26), does it make any sense to go with the 7 year, and then just pay it off as I intend to in <5 years? Am I missing something about how this works?
My other question is, my credit score is ~780 and the rates I've been pulling are not much better than 4.5% fixed. Is this the norm at this point?
My other question is, my credit score is ~780 and the rates I've been pulling are not much better than 4.5% fixed. Is this the norm at this point?
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