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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: microhoogle! who wrote (12216)	4/19/2004 6:31:05 PM
From: mishedlo	Read Replies (2) of 110194

a 3% interest only variable loan is available. Any excess payments automatically goes against principle. Something bad happens one month (you lose your job) well your nut is much much smaller at 3% vs 5 1/4% or whatever. I am going to it. a 2% rise in interest rates (If it happens which I STRONGLY doubt because it would totally crush this economy, housing, housing jobs and everything else IMO) would still only put me at the same 5% or whatever you have now. 3% is 40% lower interest vs 5! Mish

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