Posted by Chris Hamilton on October 06, 2003 at 11:31:50:
In Reply to: Re: a note from winning in on cash flow posted by Rich[FL] on September 24, 2003 at 13:31:59:
The LIBOR is basically the european equivalent to the prime rate in the states. If your looking to pay down your principal as fast as possible you may want to consider looking at an interest only loan that gives you a low interest only payment and then you can apply as much extra cash as you can afford directly to the principal balence.