From: "Dazzler" 
Newsgroups: alt.invest.real-estate
Subject: Re: Structure Mortgage letter
Date: 15 Apr 2006 05:45:48 -0700
   posting-account=hizTIQwAAAB0-wW5Gaq767soRoJvS66y


boinker wrote:
> Careful there,,, a 30 year fixed rate of 6.22% on a loan amount of $228K
> comes to a monthly principle and interest payment of $1399.xx.  Clearly you
> will be paying much more than $624 per month at some future point, indeed,
> you'll probably end up paying more than $1399.xx per month once the teaser
> rate on this note expires.
>
> Read the details, watch for prepayment penalties and be sure you can afford
> considerably higher payments as the years pass.
>
>
> "Dazzler"  wrote in message
> news:1144521763.275239.12690@z34g2000cwc.googlegroups.com...
> > Just wondering if anybody has any opinions on this Structure mortgage
> > co we got a letter on to combine mortgage and equity loans for 6.22%
> > for 228k.  For a monthly payment of $624 monthly.  We have good credit.
> >

Well the idea is to pay the min while we pay other debt off, actually I
am now working on combining a mortgage, equity loan, 12k cc, 20k car.
Which would be just under the 228k anyway.  Car payment is $500, cc
$160, Mortage $1100, Equity about $300 a month, so if can can beat
about $2100 total so we can pay for reg house bills, I think it's a
good plan right?