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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Dwayne Hines who wrote (21630)	2/21/2000 9:20:00 AM
From: marlinman	Respond to of 25711

I disagree with the 15 year mortgage ! Get a 30 year mortgage and invest the difference. Building equity in a home is not the best use of financial assets. If you have a 30 year loan the payments will be smaller and you will increase your ability to borrow for other needs such as a car or furniture. Make sure there is no pre-payment penalty and pay the extra money according to a 15 year amortization schedule if you really feel the need to pay off your home. Anyway, if you come into tough times the 30 year lower payment will be easier to maintain than a 15 payment. We all suffered setbacks as young adults. MB