To: Dog Gone
Yikes!!! The savings are unbelievable.
2 posted on
06/02/2003 4:28:54 PM PDT by
Mears
(.)
To: Mears
but the doom & gloomers worst case scenarios are dependent upon folks cashing out all their equity, throwing the cash in the street & then extending their debt back 30 years into the future. if people are, in fact, decreasing the terms of their mortgages (as many are) and paying them off quicker than expected, with more money going towards the principal and less towards interest, with the difference being used by the homeowners to increase their quality of life on a monthly basis, with that money going back into the economy, those are all tremendously good things that will have the doom & gloomers once again short covering & crying amidst their increasingly tremendous losses.
3 posted on
06/02/2003 4:32:07 PM PDT by
Steven W.
To: Mears
I'm seriously considering doing this. I have a 30 year note at 6.25 with 20 years to go.
I haven't run it through a mortgage calculator, but my guess is that it's a no-brainer.
4 posted on
06/02/2003 4:36:19 PM PDT by
Dog Gone
To: Mears
bump
108 posted on
06/02/2003 7:27:53 PM PDT by
GOPJ
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