[Raybyrnes]

I am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.

I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.

[Raybyrnes]

I am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.

I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.

[Raybyrnes]

I am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.

I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.

[Raybyrnes]

I am familiar with the system. What it is really addressing is the average outstanding balance. By using the HELOC approach you are able to immediately pay down a debt. So irregardless of the interest rate you are lowering the average outstanding balance of money so this is helping to pay down the debt early.

I get what they are doing. It is sort of like a diet plan. I think a lot of them are good but you have to be able to follow them and be disciplined. Additionally a lot of people who fall off diets get fatter afterwards.

[Raybyrnes]

The system factors that you are getting 0 percent on your money sitting in the bank. Right now with little efort you can get 5%.

It also figures that the HELOC debt is going to carry a lower interest rate than what you could get on other credit lines. I have carried over 20K in credit card debt for nearly 5 years and have never paid interest on any of it. Lot of 0% offers out there.

Last but not least I am wondering why I would pay 1000 dollars for a software program when if my goal was to pay my mortge off early I could simply send in an additional payment each month.

[Raybyrnes]

The system factors that you are getting 0 percent on your money sitting in the bank. Right now with little efort you can get 5%.

It also figures that the HELOC debt is going to carry a lower interest rate than what you could get on other credit lines. I have carried over 20K in credit card debt for nearly 5 years and have never paid interest on any of it. Lot of 0% offers out there.

Last but not least I am wondering why I would pay 1000 dollars for a software program when if my goal was to pay my mortge off early I could simply send in an additional payment each month.

[Raybyrnes]

The system factors that you are getting 0 percent on your money sitting in the bank. Right now with little efort you can get 5%.

It also figures that the HELOC debt is going to carry a lower interest rate than what you could get on other credit lines. I have carried over 20K in credit card debt for nearly 5 years and have never paid interest on any of it. Lot of 0% offers out there.

Last but not least I am wondering why I would pay 1000 dollars for a software program when if my goal was to pay my mortge off early I could simply send in an additional payment each month.

[Raybyrnes]

The system factors that you are getting 0 percent on your money sitting in the bank. Right now with little efort you can get 5%.

It also figures that the HELOC debt is going to carry a lower interest rate than what you could get on other credit lines. I have carried over 20K in credit card debt for nearly 5 years and have never paid interest on any of it. Lot of 0% offers out there.

Last but not least I am wondering why I would pay 1000 dollars for a software program when if my goal was to pay my mortge off early I could simply send in an additional payment each month.

[Raybyrnes]

SD Realtor

I’m with you. Can’t get my head around any logic that one should not pay.

Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.

I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?

Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.

[Raybyrnes]

SD Realtor

I’m with you. Can’t get my head around any logic that one should not pay.

Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.

I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?

Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.

[Raybyrnes]

SD Realtor

I’m with you. Can’t get my head around any logic that one should not pay.

Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.

I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?

Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.

[Raybyrnes]

SD Realtor

I’m with you. Can’t get my head around any logic that one should not pay.

Marian. Don’t see how you can make a statement that you are throwing money away. You have recieved a service and are responisible for paying.

I walked out of Target with a Football one day that my son put in the shopping cart and I didn’t realize it until I got to the car. Was I throwing money away when I walked back into the store and put the ball back?

Maybe I should assume that they are misleading shareholders and cooking the books so maybe I should have just kept it.

[Raybyrnes]

There are a lot of things that can happen. The average Joe thinks on the level of rates and points. The mechanics of mortgage backed securities occurs on the secondary market. If the government steps in and guarantees the loans they become more valuable to institutional purchasers. This provides lenders with better margins wherby they can reduce rates and remain profitable.

I hate to tell people to throw good money after bad money but there could be help around the corner. The bottom line is that you ahve to live somewhere for the time being and you still have a few years before the rates reset.

Besides that the winter is a bad time to be a seller and typically a good time to be a buyer. Those who have cash are really looking to low ball at this point. I would want to wait this out until some the the legislative dust settles.

There were a lot of people who bought at the high point in a lot of real estate cycles and those who were able to hold on did OK over THE LONG HAUL.

Besides that, you suggested that you liked your place in all of your posts. My thing to you is what are the job prospects? Any chance your income could rise by 10 or 20% over the next 1 to 5 years and if it’s not is there anything you could be doing to get it going in that direction.

[Raybyrnes]

There are a lot of things that can happen. The average Joe thinks on the level of rates and points. The mechanics of mortgage backed securities occurs on the secondary market. If the government steps in and guarantees the loans they become more valuable to institutional purchasers. This provides lenders with better margins wherby they can reduce rates and remain profitable.

I hate to tell people to throw good money after bad money but there could be help around the corner. The bottom line is that you ahve to live somewhere for the time being and you still have a few years before the rates reset.

Besides that the winter is a bad time to be a seller and typically a good time to be a buyer. Those who have cash are really looking to low ball at this point. I would want to wait this out until some the the legislative dust settles.

There were a lot of people who bought at the high point in a lot of real estate cycles and those who were able to hold on did OK over THE LONG HAUL.

Besides that, you suggested that you liked your place in all of your posts. My thing to you is what are the job prospects? Any chance your income could rise by 10 or 20% over the next 1 to 5 years and if it’s not is there anything you could be doing to get it going in that direction.

[Raybyrnes]

There are a lot of things that can happen. The average Joe thinks on the level of rates and points. The mechanics of mortgage backed securities occurs on the secondary market. If the government steps in and guarantees the loans they become more valuable to institutional purchasers. This provides lenders with better margins wherby they can reduce rates and remain profitable.

I hate to tell people to throw good money after bad money but there could be help around the corner. The bottom line is that you ahve to live somewhere for the time being and you still have a few years before the rates reset.

Besides that the winter is a bad time to be a seller and typically a good time to be a buyer. Those who have cash are really looking to low ball at this point. I would want to wait this out until some the the legislative dust settles.

There were a lot of people who bought at the high point in a lot of real estate cycles and those who were able to hold on did OK over THE LONG HAUL.

Besides that, you suggested that you liked your place in all of your posts. My thing to you is what are the job prospects? Any chance your income could rise by 10 or 20% over the next 1 to 5 years and if it’s not is there anything you could be doing to get it going in that direction.

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