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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (13801)	3/8/2004 5:11:39 PM
From: The Ox	Respond to of 95415

OT Yes, Mike. Call your mortgage broker and have him/her do the math for you. If you can afford the higher monthly payments that the 10 year will require, then you could possibly save as much as 8 to 15% of the current principle balance (in reduced interest payments over the term) by lowering the rate, raising your monthly payment and removing the last 4 years of payments. IMO, the main issue is your monthly cash flow. If increasing your monthly mortgage payments by 15-20% won't cause you any harm, then the long term savings should at least be considered. It should only take your mortgage broker about 2 minutes to do the math for you.