 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& M) m6 S& K: J. L
yuz967 发表于 2010-7-8 08:14 
l, {. P1 o! ^; w
* O' \( [3 i! Y4 [5 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+??%.7 y9 K z9 O0 _0 X% G3 \
% L4 M. f9 y& w* L0 t; q
Normally 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. |
|