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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Stonehenge who wrote (13570)	11/24/1997 11:37:00 AM
From: margaret tasset	Respond to of 27012

Good morning Stonehenge, Some comments about Billwot's suggestion about refinancing and cutting your mortgage length. When you refinance, you will normally have closing costs like you do when you buy or sell a house. So you will have to figure out if these costs are more than what you save on the lowered interest rate. They may be, but you can still cut the length of your mortgage, without refinancing, by just paying extra money every month and designating it to go toward principal. Also by doing this way, you can pay the months that you want and not those that you don't. It does, however, take a great deal of self-discipline to do it this way. I did this for awhile and it really knocks that mortgage down fast because as you cut the principal each month, more of your payment goes toward principal and less toward interest. The process accelerates very nicely. Sonki's idea of taking some of your equity out of your home and putting it in a safe place sounds like a good idea too. The bottom line is that if the market continues in a bull mode, having stocks is definitely the best way to go, but if the market goes down, putting it in your house is the best way. It is that old risk reward equation that you are really facing at this point. Good luck with whatever you decide, I know that it is a very hard decision and do remember that whatever your decision, it is reversible at a later date. Go INTEL Margaret Long on INTEL