06-16-2008, 11:59 AM
|
 |
$ Saving Assistant Professor
|
|
Join Date: Feb 2007
Location: Milford, OH
Posts: 3,848
Points: 19898.63
Donate
|
|
Quote:
Originally Posted by disneysteve
I just realized that in both of your examples, you are borrowing the same amount, so in that case, it really doesn't matter what you do. You aren't saving any money in interest either way since the mortgage amount is that same. If, in example B, you would be taking out a smaller mortgage, that would save you in interest, but if it is just a matter of shifting money around and ending up with the same loan, I don't see where it matters.
|
now that I see this, I would agree it's a wash.
__________________
*Light travels faster than sound. That is why some people appear bright until you hear them speak.
*One person's stupidity is another person's job security.
[URL]http://jim.savingadvice.com/[/URL]
[URL]http://www.quotationspage.com/quotes/Calvin_Coolidge/[/URL]
|