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Very true, Mr. Sunshine. But as I said, I don't actually plan on paying for that long; it will be paid off sooner, but that is how to get the best rate.
The only upside to being upside-down is in the unfortunate experience of a total loss; depending upon your insurance policy, gap insurance may cover. I'm not saying a 20-year term is the smartest fiscal policy, but if I pay it off in my time instead of the bank's term time, it's well worth the lower rate.
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