Ferral wrote:
Mortgage rates are and should be much lower than interest rates on luxuries/toys. Just think, if you get into trouble, which one would you stop paying first?
I knew someone would comment on that. The important difference is the depreciation of the collateral. 2.24% for 5.5 years isn't quite fair to compare to a 15d year loan. But the mortgage comment was to point out to cost of capitol not risk. What are 5 year arms now? Not half of the rate I quoted. Dont think a 15 year loan should be twice what a home loan is is all I am sayin.
