Quote:
Originally Posted by lumberjim
if the rate is the same or close, take as long as theyll give you for term. you can pay faster. you cant pay slower.
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Meaning take a 7 year term?
Part two of the story is I fucked up my credit rating this year by ignoring my student loans during a bad spell of depression and generally feeling overwhelmed by all the other crap ® I had to deal with. I have squared up with sallie mae and am suitably chastened. But my bank does not want to love me long time without my wife co-signing the loan. (There's irony in that, but another day)
So after hemming and hawing she finally agreed. This morning I got an email from her saying she'd gotten cold feet after reading about co-signing.
I reminded her that the mortgage of the house she lives in is in my name and effectively, I am co-signing THAT loan for her.
Bunch of crap. We'll see later today what will happen.