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Path: utzoo!watmath!clyde!cbosgd!ihnp4!hplabs!hp-pcd!john
From: john@hp-pcd.UUCP (john)
Newsgroups: net.taxes
Subject: Re: 15yr vs 30yr mortgages
Message-ID: <129600005@hpcvla.UUCP>
Date: Mon, 17-Mar-86 12:03:00 EST
Article-I.D.: hpcvla.129600005
Posted: Mon Mar 17 12:03:00 1986
Date-Received: Fri, 21-Mar-86 06:35:42 EST
References: <403@inuxh.UUCP>
Organization: Hewlett-Packard - Corvallis, OR
Lines: 15
Nf-ID: #R:inuxh:-40300:hpcvla:129600005:000:478
Nf-From: hpcvla!john    Mar 17 09:03:00 1986

<<<<<<
<
<  What I'm talking about is how *good it feels* to own your own house 
<  free and clear after 15 years, even if you waste money getting there.
<
The only way to waste money by opting for a 15 yr over a 30 yr loan is 
if interest rates rise to greater than your loan. If you had a 30 yr loan
and invested what you saved with the lower payments then after 15 yrs this
investment would be large enough to pay off your home in full.




John Eaton
!hplabs!hp-pcd!john