Posted on: 27th Jun, 2012 11:50 pm
Great discussion and feedback. I thought "Freedom Load" and the claims "paid off early with no change in spending habbits" was just marketing BS. But I like finding the "angle". Flowing cash through the mortgage account, offsetting principal even if partially temporary.. is a concept I did not consider. With interest rates this low, I still question the amount of net effect vs options, like 15 yr loans and extra principal payments. But this is interesting.
that being said... knowing that 2nd mortgages and Line of Credit loads normally carry a slightly higher interest rate... and suspecting that this "revolving balance" concept could be described as LoC.... I wonder if the Int Rate is slightly higher thereby reducing the advantage... need a pretty effedtive loan calculator and a lot of honesty
Hi AHORugger!
Welcome to forums!
You can check out the online calculators from the given page: http://www.mortgagefit.com/calculators/ .
Sussane
Welcome to forums!
You can check out the online calculators from the given page: http://www.mortgagefit.com/calculators/ .
Sussane