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Path: utzoo!watmath!clyde!cbosgd!hplabs!hp-pcd!john
From: john@hp-pcd.UUCP (john)
Newsgroups: net.taxes
Subject: Re: 15 versus 30 Year Mortgages
Message-ID: <129600003@hpcvla.UUCP>
Date: Wed, 12-Mar-86 15:02:00 EST
Article-I.D.: hpcvla.129600003
Posted: Wed Mar 12 15:02:00 1986
Date-Received: Fri, 14-Mar-86 07:05:51 EST
References: <5608@kestrel.UUCP>
Organization: Hewlett-Packard - Corvallis, OR
Lines: 14
Nf-ID: #R:kestrel:-560800:hpcvla:129600003:000:541
Nf-From: hpcvla!john    Mar 12 12:02:00 1986

<<<<
< I prefer the fifteen year note for myself, however, because of the
< psychological difference.  My wife and I intend to pay at the 15 year
< rate, and I would rather lose the flexibility and never have either of
< us tempted to slow down the repayment.  

Fifteen years is a long time to plan on not having a really major emergency
or disaster strike. If you have a 30 year loan it may take willpower to
pay it off at a 15 year rate but you wont have to refinance it if something
really bad happens.


John Eaton
!hplabs!hp-pcd!john