wrote in message
oups.com...
But, I thought that you had to get an interest only loan?????


The bank was offering me either loan...conventional, or interest-only.

I chose the interest only loan over the conventional 30-year fixed, because
it gives me the option to pay principal on the loan (but only if *I *decide
to do so). Right now, it makes more sense for me to put $25-30k per year
away in a qualified pension plan than to pay principal on a home mortgage.
In 4 1/2 years, I'll only be 38...and I'll have an extra $6000/mo (before
taxes) to put towards principal and/or retirement savings. At that time, I
can get a 20 year conventional fixed mortgage, and pay the home off before
I'm 60.