 鲜花( 65)  鸡蛋( 0)
|

楼主 |
发表于 2010-7-8 08:49
|
显示全部楼层
what is the difference for 5年浮动 close and open, how to calculate 罚金, thanks# i/ ?. b( M5 G
yuz967 发表于 2010-7-8 08:14 
: A# @+ F1 u1 h2 S6 i) e
1 T) ?! D( i5 c( o* }% c3 Q5 years variable closed rate mortgage means the term is 5 years, if you paid it off earlier, you may be charged 3 months interest amount as the penalty; rate is P- ??% depends the different lender; 5 years variable opened mortgage - you can pay it off anytime without any penalty, but the rate is P+??%.
) n$ _$ x, Z: J# Y8 u( c9 e
' o* p- K! F# y2 }; I( }/ y, u7 eNormally if you purchase the property and plan to live in there for longer term, you better select the closed term; but if you plan to flip over the property(buy then sell in the short period ), the opened term might be suitable for you. |
|