Originally Posted By: summerrun


Flea, you can amortize out a 30yr loan to pay off in whatever amount of time you want. If things get tight just go back to your lower 30 yr payment.


Its great in theory... but there will always be that rod or reel that will take precedence over an extra payment... I went with the 15 year option and will own my house in 8 more years... I would be looking at 23 more years had I gone with the 30 and the extra payments I probably would not have made...


Originally Posted By: blue water pro
you could have gotten would be about $120,000 lost in taxes.


WTF, if you are paying that much interest you must own the Gates Manor... who new that BWP was really Bill Gates



Edited by Piper (03/11/10 12:44 AM)