HARP loan, 2% interest rate - bearing principal: $243,593.01, defer princ:$138,500, outstanding princ: 382,093.01-payoff 15yrs

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You would be very hard pressed to find more cost effective financing in the current market today. 2% is near and will likely be less than inflation cost moving into the future. To say this another way and from an economic perspective, you have free financing on the balance of your mortgage.Although the recovery in the housing market has slowed slightly over the past quarter the trend of home values increasing continues. No one can say for sure what tomorrow has in store but should the housing market recovery continue (likely we all certainly hope) you will eventually find yourself in a position of positive equity.I would hold the course with what you have. Best of luck!Michael T. Bardy