This 1/2% below prime rate has been great! My monthly "necessary" pmt is only just over $200.00 on $88,000. owed.
However, I would like to lock in a low rate, fixed mortgage, because if the prime rate triples, so will my payment.
Any advice or thoughts?
I have no experience with this. I had a friend in a bank, who always did loan things for me, but he is gone now.