Hi,
I am in the process of doing my loan applications for school, and was wondering which option is best. Taking out a variable interest rate loan at 3.25% with deferred payment or taking out a fixed interest rate at 6.75% also deferred payment. I know the variable rate is a lot lower but do you guys think it will be higher in the long run? I also have options to do fixed payments while in school. Any suggestions would be great. I am just wondering which option you guys chose when taking out loans, and what is best for me. Thanks.
I am in the process of doing my loan applications for school, and was wondering which option is best. Taking out a variable interest rate loan at 3.25% with deferred payment or taking out a fixed interest rate at 6.75% also deferred payment. I know the variable rate is a lot lower but do you guys think it will be higher in the long run? I also have options to do fixed payments while in school. Any suggestions would be great. I am just wondering which option you guys chose when taking out loans, and what is best for me. Thanks.