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Path: utzoo!watmath!clyde!cbosgd!ihnp4!houxm!vax135!cornell!uw-beaver!tektronix!hplabs!hp-pcd!hpfcma!chan
From: chan@hpfcma.UUCP (chan)
Newsgroups: net.consumers
Subject: Re: Orphaned Response
Message-ID: <11000003@hpfcma.UUCP>
Date: Sun, 12-May-85 16:46:00 EDT
Article-I.D.: hpfcma.11000003
Posted: Sun May 12 16:46:00 1985
Date-Received: Sat, 18-May-85 01:12:01 EDT
References: <-60200@ahuta.UUCP>
Organization: Hewlett-Packard - Fort Collins, CO
Lines: 19
Nf-ID: #R:ahuta:-60200:hpfcma:11000003:37777777600:752
Nf-From: hpfcma!chan    May  7 12:46:00 1985


Depending on what kind of mortgage you have, and what you
think will happen to interest rates in the future, you
might want to think twice about paying your loan off early.

If you have a fixed rate *assumable* mortgage with no due
on sale clause, and interest rates go up, then your loan
becomes a valuable feature if/when it comes time to sell
your house. Big balance assumable mortgages are very attractive
to home buyers. This is especially useful if you live in
a place like the Front Range of Colorado, where there are tons
of new-home builders that can offer below-market financing.
It's tough to compete in that market.

This is not gospel, just another side of the issue.

			-- Chan Benson
			{hplabs | ihnp4}!hpfcla!chan
			Ft. Collins, CO