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Adjusting her savings necessary.

Publication: The Washington Times
Publication Date: 07-JAN-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Adjusting her savings necessary.(FRIDAY HOME GUIDE)(MORTGAGE Q&A)

Article Excerpt
Byline: Henry Savage, SPECIAL TO THE WASHINGTON TIMES

Q: I am a single woman with a good job and a nice salary. I'm hoping to retire in about 15 years, when I turn 65. I have a five-year balloon mortgage at 6.25 percent with a balance of $150,000.

I'm thinking of converting this mortgage to a 15-year fixed so it will be paid off. I don't plan on selling anytime soon. The house is worth at least $400,000 and I have...

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