simple interest on a mortgage?
January 3, 2007 4:47pm CST
I have been offered a program (to buy) that is suppost to teach me how to take my current 30 year fixed mtg, with 6% compound interest rate and take out a Simple interest Home equity loan. This is said to shorten the loan by 10 years or thousands of dollars in interest. Has anyone heard of this? and is it true in fact? Bg