Wayne Boatwright wrote:
> On Fri 01 Aug 2008 09:42:45p, Steve Pope told us...

>> That's very sensible. You might also want to look at the 15
>> year fixed. Depending on market conditions, it can be a better
>> bargain.

> It could be, but I might not be able to afford the payments at 15 year
> fixed. I'll certainly raise the question.

After refinancing twice (my original rate was 12.75!), the final
loan was a 15 year loan. It's nice to see an end in sight. We
were lucky to be able to pay it off in a few years.

But if you're at the edge, getting a 30 year loan and paying it
off as if it's a 15 gives you the luxury of backing off that plan
for a time if it's too much.

nancy