Comments on: Refinancing Model http://bryanallott.net/blog/2009/05/refinancing-model.html shifting complexity one bit at a time Wed, 28 Jul 2010 05:38:47 +0000 hourly 1 http://wordpress.org/?v=3.0 By: bryanallott.net » Morty py http://bryanallott.net/blog/2009/05/refinancing-model.html/comment-page-1#comment-288 bryanallott.net » Morty py Wed, 08 Jul 2009 11:56:27 +0000 http://bryanallott.net/blog/?p=228#comment-288 [...] same Morty that was built using Ruby on Rails as part of a bigger scheme related to the basics of financial learning, specifically the concept of amortisation. Morty py, as it’s creative name suggests, is a [...] [...] same Morty that was built using Ruby on Rails as part of a bigger scheme related to the basics of financial learning, specifically the concept of amortisation. Morty py, as it’s creative name suggests, is a [...]

]]> By: bryan http://bryanallott.net/blog/2009/05/refinancing-model.html/comment-page-1#comment-267 bryan Thu, 28 May 2009 13:55:34 +0000 http://bryanallott.net/blog/?p=228#comment-267 <a href="http://www.bondbusters.co.za" rel="nofollow">Bondbusters</a> has just released an article on the topic: <a href="http://www.bondbusters.co.za/pressArchive/default.php?news=91" rel="nofollow">The Debt Consolidation alternatives - what's best for you?</a> Hopefully by combining the numbers above here, what they have to say might make some sense now, in particular: <cite>...but because you have carried your short term debt into the long term you will inevitably end up paying back a larger amount of money over the longer course of the repayment term.</cite> Bondbusters has just released an article on the topic:
The Debt Consolidation alternatives – what’s best for you?

Hopefully by combining the numbers above here, what they have to say might make some sense now, in particular:
…but because you have carried your short term debt into the long term you will inevitably end up paying back a larger amount of money over the longer course of the repayment term.

]]> By: admin http://bryanallott.net/blog/2009/05/refinancing-model.html/comment-page-1#comment-264 admin Fri, 22 May 2009 10:49:18 +0000 http://bryanallott.net/blog/?p=228#comment-264 and to be fair, if you're in a jam, that extra 300K over the long term really represents what you're prepared to pay to not lose the ground (or assets) you've covered thus far. so if 300k smoothed out over the next 20 years is a fair price to keep the house and car, then it's really not such a bad 'loss'. the alternative, in a jam, would be losing either one (or both) and then having to rent for a while and then to try again. _that_ option, could easily be worth a lot more than 300k. and to be fair, if you’re in a jam, that extra 300K over the long term really represents what you’re prepared to pay to not lose the ground (or assets) you’ve covered thus far. so if 300k smoothed out over the next 20 years is a fair price to keep the house and car, then it’s really not such a bad ‘loss’.

the alternative, in a jam, would be losing either one (or both) and then having to rent for a while and then to try again. _that_ option, could easily be worth a lot more than 300k.

]]>