AN EXAMPLE - EFFECT OF TAPERED PREPAYMENTS:
         
         30-year mortgage loan repaid monthly
         $50,000 principal
         9% APR (annual percentage rate)
         
            Prepayment       Number of     Total        Effective
            Strategy         Payments     Interest      APR (%/yr)
            ----------       ---------    --------      ----------
         
         None                   360       $ 94,832         9.000
         
         $50 each payment       237       $ 56,936         8.978
         
         $100/payment #1-60
         $35/pmt thereafter     218       $ 49,221         8.635