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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Broken_Clock who wrote (38249)8/9/2005 5:39:11 PM
From: carranza2  Respond to of 110194
 
I think the better option is to get the 30 year fixed, then treat it as a 15 or less. You can pay more if you want to should you come across a windfall. You get the lower rate, the excess payments go directly to principal, and you can switch to the 30 year payment if you are forced to.

I takes a little discipline but it beats the bimonthly scamalama the mortgage companies ask you to pay $500 to set up for you.