ISP Information:
A newcomer to the nets, who reveals his or her inexperience by lack of knowledge of net conventions, netiquette, vocabulary, and know-how.
ISP Glossary:
newbie or newby - "Lou" wrote in message news:... "Rich Bednarski" wrote in message news:vu583f9atr2sb5@corp.supernews.com... "Ned Flanders" wrote in message news:53ff595c.0312182212.18cc572f@posting.google.com... Unless you have investments that are paying you more than your mortgage is costing you, holding on to money to pay once a year is stupid advice. Maybe less than optimal, but hardly stupid. First of all it is ridiculous to use a 10% interest rate as someone whould have to be truly stupid to have a 10% mortgage these days. Not really. If you've had the mortgage awhile, like a decade or more, it can turn out the refinancing for a lower rate can end up costing you more than staying with your old supposedly more expensive mortgage. In my case, it took two years to find a refinancing that would actually save me money.This would mean that your mortgage balance has falled to a level wherethe monthly savings in interest even for a 4% difference in interestrate is less than say $100 per month. Otherwise you would save $3600in three years, which would be well worth the refinancing costs. Soyour balance would have to be less than $30,000. In which case anytiming issues within years and months are truly trivial even for a 10%mortgage.
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