[quote]is it a variable or fixed interest rate?[/quote]
Will be fixed.Prolly 5%
[quote]can you pay extra above the basic monthly payments?[/quote]
Not sure if we want to... Not planning on staying in this house or town the rest of our lives...
[quote]can you have an offset account to save you on your interest payments?[/quote]
That's a question for the lender.
[quote]will your bank likely to collect your loan into a big pile and sell it off with good and bad loans to an equity group like got the world into the hole its in now?[/quote]
Certainly hope not!! LOL. Certainly hope not.
All the loan stuff will follow if our bid is approved. Could take up to THREE weeks to find out... OY!
