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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (504)	1/25/1998 11:23:00 PM
From: Marlin C. Harmon	Read Replies (1) \| Respond to of 1100

At least you are getting interest on the money in the CD and you are not counting it toward the principle. If the money is added directly to the principle it devalues your tax deduction impact. If you sink it into the mortgage before the pay off date it is then dead money until the mortgage is paid off and that will not happen for years. I think you need a calculator. But, as I thought it would be, it is too confusing. Sorry I bothered and this is probably not the thread for this anyway. Now APY and APR would be confusing if you can't understand the benefit of earning interest as opposed to no interest at all for X number of years. The calculation has nothing to do with the current rate of the mortgage loan. It has to do with earning interest on the CD and then sinking the whole amount in to pay off the mortgage at the proper time. The mortgage interest is going to tick away on the original loan until it is paid off. My nine year old can see the logic in that one.