First time home buyer, what type of loan should I get?

February 1, 2012

Looking to get a condo for 0K in southern california. Would like to put zero down. My wife and I likely plan to live there for only 3 years. We have no debt. Together we make 0K per year. We have good credit. This would be our first home. Should I get 30 year fixed, interest only, or another product? I am not too clear on the benefits of each. Thank you in advance for your help.

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One Response to First time home buyer, what type of loan should I get?

  1. j d on July 20, 2010 at 2:33 am

    30 year fixed……It’s a must, don’t take any chances with your future with interest..

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