On Sat 02 Aug 2008 05:47:52a, sandi told us...

> Wayne Boatwright > wrote in
> 5.250:
>
>> On Fri 01 Aug 2008 09:12:23p, sandi told us...
>>
>
>>> In case of 'emergency' 30 yr is good AND making additional
>>> MONTHLY principle payments (WHEN YOU CAN) and you can pay off
>>> the loan is a lot less than 30 years! Paying on the principle in the
>>> beginning of the loan saves MUCH interest $.
>>
>> Thanks, Sandi. That's probably a better option for us, since
>> I'm sure we could may additional monthly payments at times, but a much
>> larger monthly payment every month would drain us. We've already made
>> a few extra monthly principal payments on our current mortgage.
>
> Bank and loan institutions don't like to tell you that you can do
> this but you can and it saves thousands and Thousands(!!!) of
> dollars going to in interest rather than the principle.
>
> Have your loan co. print you out an amortization schedule and
> you'll be amazed how little you are paying toward the principle in
> the first 1/2 of you loan. They get their $$$$ up front!!
> (I still wanna see that property for sale in your area. Is your
> camera fixed yet?) :-)
>

Yes, it was fixed and working fine now. But I don't remember what I was
supposed to take a picture of. :-) I posted a couple of cake pictures last
week, both as links from here and on a.b.f.

--
Wayne Boatwright
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Saturday, 08(VIII)/02(II)/08(MMVIII)
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Don't start an argument with somebody
who has a microphone when you don't;
they'll make you look like chopped
liver. --Harlan Ellison, on hecklers
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