Date: Wed, 20 Jul 2005 08:37:46 -0400
From: "CL (dnoyeB) Gilbert" 
Newsgroups: misc.consumers.house
Subject: Re: Have Interest Only -- Should I Refinance to 30 year Fixed?

FDR wrote:
> "v"  wrote in message 
> news:42dd3893.1494051@news.verizon.net...
> 
>>On Tue, 19 Jul 2005 14:50:18 GMT, someone wrote:
>>
>>
>>
>>>Makes sense since in the first few years youy are paying mostly interest.
>>>
>>
>>Deconstruct that a little and it makes no sense: "since initially I
>>would be paying mostly interest and little principal, therefore it is
>>better that I pay all interest and no principal"?
> 
> 
> Yeah, because you'll be pocketing the extra few hundred a month and can save 
> it or invest it.
> 
> 

Where is this extra money coming from?  Are you saying interest only 
loans give better interest rates?




-- 
Respectfully,


CL Gilbert