Stimpy,
That's about it. Compound interest in your example would clear about $884 a year, for five years, for doing about 30 minutes of online applications. When interest rates were lower, Penfed actually had a Black Friday special of a 5 year refinance at .99%. I had four cars worth about $60,000 that were paid off. This isn't big money, but I like the spread. Like I said, it was painless through one of my credit unions. I like easy money. I wish I could scale this up a few million
