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this doesn't change the rate of the payback of the capital portion though... this is just the interest portion, right? so no gain here... just pain.
and there is no extra cash, the coffers are empty. i can endure this, but it is going to be hard. this is the age-old "I inherit nothing from anyone, and what I earn I pour into the home and life as soon as I have it"... I live month to month without a safety net as I've not experienced windfalls that could ever put me ahead of that situation and I grind as hard as I can each month.
Velocio
NickCJ
On the flip side, if you have the cash, you can pay it off without ERCs, most likely.