Originally Posted by clubhouse
I stretched the note as long as possible, 10 yrs at 4%, to keep flexibility but it will be paid off in less than 5. Simple interest loan with no prepayment penalty, so it made sense to me.
I agree with this line of thinking, also put down a solid(at least 20%) down payment. This is how most people get "upside down" on loans.
2013 Starcraft Travel Star 229TB
2011 Jayco X17Z(traded in)
2010 Jayco Jay Series 1207(traded for the 17Z)
2011 Chevrolet Silverado 2500HD Z71 CC 6.0L/3.73
Reese "Pro Series" 800lb Trunnion WDH w/sway control