If your interest rate is less than 5%, the best loan to get is a 30 year!
It's cheap money. Paying off a house quick is foolish. And the monthly
rate is usually a hell of alot less too. Spend the difference of that
paying off bills or invest it in a mutual fund or something.

Instead of paying off that low interest loan quickly, one is smarter paying
off the higher interest loans like automobiles, department and credit card
charges, and other loans/debts.



--
Ryan KC8PMX

"Why is it one careless match can start a forest fire, but
it takes a whole box to start a barbecue?"

snicker Well, believe it or not, that is what we're going for. We
thought about the 15-year but what we decided is we'd rather double/triple
payments at our own control...just for the very reason of potential job
loss.

I need to send you an email on another, personal note... I'll do it soon,
remind me if I don't!

Kim W5TIT