re: Still on the Learning Curve - 30 year mortgage better than 15 year mortgage?

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In a 30yr fix the benefit of the loan (paying as much principle as interest) doesnt start till year 12-15

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Everybody has the same interest rate? At 3.25 my principal exceeds my interest in year 8.

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97%of the borrowing public readjust there mortgage every 5-7yrs so they never get the advantages of the loan

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Their. And, I call bullshite.

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Paying as much in interest sometimes more to borrow principle is a scam

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There are a lot of smart people getting scammed.

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Guess who called me when rates got in the 3's?

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Hopefully you told them that a 4% interest rate is good and not to touch their mortgage.

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So now these clients have refied 3 times in 10yrs paid costs, got nowhere and then Neg Am'd themselves by taking cash out

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I sure hope you didn't advise somebody to refinance 3 times in 10 years.