equity because it means more of your dollars are going toward the loan principal, and it keeps the principal (and the amount of interest charged on it) smaller. This strategy applies to a mortgage, but it can also apply if you refinance your mortgage, which also incurs closing costs and ...
A 19-year overestimation of ownership is a serious miscalculation based on the data at hand. Even if you end up owning your home for longer than a10/1 ARM, you still have plenty of time to pay down more debt before the interest rate resets, refinance your mortgage, or set aside mor...