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First timer!
sureel78
Contributions: 5
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I am a first time home buyer.
Is it possible to negotiate with the bank on the basis of Amortization schedule. What I mean is that for eg. if I am going for a 30 yr loan can I ask the bank to go with a fixed principle and interest and pay a bulk at the end of the loan?
The reason I am asking is that I know that I wont be staying in the house for more than 6-7 yrs so I need to pay more towards principle and less towards interest to build a decent equity.
Let me know if anybody have had an experience negotiating on the basis of Amortization calculations.
Thanks !!
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