From: "mortgagelady" 
Newsgroups: misc.invest.real-estate
Subject: Re: Paying Mortgage by Line of Credit within 6 months profitable or not?
Date: 30 Nov 2006 17:57:50 -0800
   posting-account=FmKwDQ0AAACmZoX9XdsG4inULhkEsQ86

If you have a decent 1st mortgage rate/program, stay with it. Interest
rates on Lines of Credit can increase.

My suggestion.....pay whatever amount you can over the normal monthly
payment. That extra reduces your outstanding principal balance and your
following month's interest will be based on the reduced balance.  An
amortization of proposed payments will show your savings.

http://www.windsorcap.com/jnewton  EMail
jnewton@mortgageloansolutions.net

Bhaiyyah wrote:
> Is paying Mortgage of 250 to 350K -USD by Line of Credit within 6
> months profitable as compare to pay it 25 years monthly payment. Is
> there anyother method to save money in terms of interest?