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€uromeinke, FEJ. and Ghoulish Delight RULE!!! NA abides. |
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#1 | |
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Join Date: Jan 2005
Posts: 7,819
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If you live in a market with appreciating real estate values, it makes much more sense to have an interest only mortgage than to rent. Your real estate investment continues to grow regardless of whether you are paying down the principle, and you have massive tax benefits. |
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#2 | |
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Join Date: Jan 2005
Location: Here, there, everywhere
Posts: 11,405
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#3 | |
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Join Date: Jan 2005
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I also fault the banks, though. They shouldn't give an adjustable rate mortgage to people who can't handle the variances in rates. That's just poor business practice. |
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