Big T

My Wife is a realator So here I go Offer rediculuosly low from asking right now. Go fixed Rate it is far better. Go with a Discount broker they take less so you pay less. If you buy from the listing agent they get both sides of the deal,(selling agent gets 3% Buyer agent gets 3%) Normal but if you buy from the selling agent he gets all 6% so work them. Also with Like Help you sell agents if they sell and buy the house there comision is only 2 1/2 % more $ you can save because the seller isnt giving 6% he is only giving 2 1/2%. So on a 200,000 house instead of realator taking 12000 they take 5000 that is 7gs you can work with.

dieselpwrRam

I would go with a VA fixed rate, it's pretty low compared to other loans. With a VA loan no home mortgage insurance is needed. Make sure the property will pass a VA home inspection. An independent home inspection would be wise.

Fronty Owner

variable rate (especially one that over inflates after the teaser period) is just something else to keep up with.
Sure, you can save money if you keep on top of it. you are also going to be paying a lot of fees for this that and the other.

My plan is go with a 30 yr fixed, making 13 payments per year and paying a bit extra when I can. 1 payment per year takes something like 7 years off. so Im down to 23 years just by paying on a schedule that matches my salary schedule.