About to purchase- Finance questions

Huntindog wrote:

wing_zealot wrote:

oakbowery wrote:
A few years ago I would have been in your shoes about financing ....

What are my shoes? You know nothing about me or my shoes. You choose cash, I'm happy for you. Using my money would be a stupid decision for me when I can use other peoples money for 4.45% while mine earns 7.66%.

How you handle your finances is totally up to you.

I just have one question. How are getting a bank to pay you 7.66% in todays low interest enviroment?
I and millions of others would really like to know the secret. That kind of return involves risk. Which means that you may or may not make that money. You may actually lose money.

All investments have risk. Some is the risk of loss and some the risk of not keeping pace with inflation but you are spot on that 7+ % has risk of loss. That doesn't ,San it's a bad investment but risk must be considered.

I finally got around to shredding old bank records last weekend and found statements with 2.99% passbook savings.

And I save money by cutting my hair with a razor every other day. :B