Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Augustus Gloop who wrote (10689)	8/6/2002 1:27:08 PM
From: Dave Gore	Read Replies (1) of 16631

You are astute to catch that. I did a calculation when I considered refinancing to incorporate the fact that the loan was starting over and less money would be going toward reducing the principal. The media rarely talks about that. Of course the less years that you're old loan has to go, the more this should factor in. That said, remember that many will not ever pay off their mortgage and will move in 3 - 6 years. However if they do plan on staying at their house after the re-fi for a long time, I totally agree - make extra payments to the principal.

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