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Old 04-22-2011, 04:42 PM
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Default If I have a 5 year fixed mortgage at 5% interest
amortized over 25 years will it be paid off in 5 or 25 years?
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Old 04-22-2011, 06:18 PM
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25 years. The first five years your interest rate can't change, after that it can.
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Old 04-23-2011, 03:51 AM
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25In 5 years your interest rate will be reset. Depending on your current rate the payment can go up or down.
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Old 04-23-2011, 03:40 PM
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Idiots shouldn't be allowed to buy houses.
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