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From: don@novavax.UUCP (Don Joslyn)
Newsgroups: net.invest
Subject: Question about Home mortgages
Message-ID: <110@novavax.UUCP>
Date: Sat, 25-May-85 17:46:51 EDT
Article-I.D.: novavax.110
Posted: Sat May 25 17:46:51 1985
Date-Received: Thu, 30-May-85 00:02:42 EDT
Organization: Nova University, Fort Lauderdale, Florida
Lines: 16


     I am in the process of evaluating Home mortgage loans.  I have been
given the following choices:

	1.	30 year fixed rate @ 12.75%

	2.	15 year fixed rate @ 12.25%

Which one is better and why?  Please consider tax deductions for interest
payments and time value of money as well as total interest paid over the
life of the loan.

Approximate mortgage amount is 60,000.
--
                                       Don Joslyn
                                       {ucf-cs, allegra, neoucom}!novavax!don