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Old 05-20-2008 | 06:28 AM
  #26  
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328dude
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Joined: Aug 2006
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From: SWA/FO
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Because you will be paying more interest than principal unless you want to make an extra principal payment.

You will have more equity over the same time period (what you want anyway if your going to sell it) than a 30 year note. Going from a 30 year to a 15 year upped my payment about 75 bucks, but saved me 60 grand in interest.
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