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What kind of mortgage do you have?

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Old 08-31-06, 08:58 AM
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Lightbulb What kind of mortgage do you have?

So we know now what percentage of income everyone is paying for housing, but what kind of mortgage do you have? (How long, what kind of loan, and at what percent.)
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Old 08-31-06, 08:59 AM
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We have a traditional 15-year fixed at 5%.
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Old 08-31-06, 08:59 AM
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Ours is a 20 year fixed.. Can't remember the exact % rate..
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Old 08-31-06, 09:03 AM
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Our PA home is 20 year fixed.... the beach house we just refinanced last year or so-- we had an interest only and quickly got out of that into a 15 year fixed at 5%
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Old 08-31-06, 09:10 AM
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Ours is a rate capper mortgage, the term is 5 years and the interest is currently 4.2% the highest it can go to is 5%.
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