> I agree, I mentioned both of those problems. > 1) get a fixed rate line of credit. (They exist I have one.) > 2) Use a budget and stick to it. > > Works for us, we've saved a lot more money than we could have by staying > with a mortgage. Banks love it when people use the system to the banks > advantage--True that they love these types of plans because most people > don't take advantage of them they way they could. Banks don't love it > when people do things smartly with their money but, as you point out, > most people don't.
This begs some questions: How long's the term of fixed interest? What's the rate? If it's above 4.5%, it's no better than a 15-year fixed rate mortgage. Is there a balloon payment required at the end? Is the rate fixed for a term, and adjustable after that? Are there fees associated with paying "early"? Is there a fee to set it up in the first place? By the way, congratulations on being disciplined enough to stick to this plan. It takes a level of dedication that most do not possess. > The moral is, buying an mp3 player is much to difficult for this list to > decide :D Absolutely. The only reason I'm still subscribed. :) --Dave /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
