montana09
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Re: First Time Buyer...Updated 03/06/2006
GTN_and_Catz wrote: Well, of course - be careful. But that pretty much goes without saying when it comes to credit - doesn't it?;) With no mortgage and no outstanding debts - for us and the bank it was a "no-brainer". Leave the assets in place, earn more than the cost of the loan with the equivalent investment, deduct the interest charges and figure out what the bottom line looks like. We did a little research and went with the forecast of lower short-term interest rates and :B guessed right! They went down instead of up for a change. Of course, it helps that we aren't talking luxury coach here :) While we won't catch it at rock-bottom, when the interest rates (short term and variable) start back up, we'll lock in the balance at a term rate and feel good about the whole transaction. slick move! Very nicely played.483Views0likes0Comments
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