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naunga · December 4th, 2003, 10:46

Dude! How much do you have in loans?

A $40K loan for 15 years works out to a little over $250 when you add interest.

I have a $63K 30 year mortgage that I pay a little over $600/month on.

My $10K flight training loan at 8.5% and 4 years is only $98 a month.

You either have a huge loan principle, a very high interest rate, or a very short term.

If you've got a high interest rate you might look at refinancing some of the debt before it kills you.

Naunga

December 4th, 2003, 10:46	#21
naunga Senior Member Join Date: Aug 2001 Location: McDonough, GA Posts: 982	Re: Financing Training Dude! How much do you have in loans? A $40K loan for 15 years works out to a little over $250 when you add interest. I have a $63K 30 year mortgage that I pay a little over $600/month on. My $10K flight training loan at 8.5% and 4 years is only $98 a month. You either have a huge loan principle, a very high interest rate, or a very short term. If you've got a high interest rate you might look at refinancing some of the debt before it kills you. Naunga