Derivatives: Darth Vader's Revenge Message Board

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Non-Tech : Derivatives: Darth Vader's Revenge

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To: ahhaha who wrote (169)	9/29/1999 7:47:00 PM
From: Skeeter Bug	Read Replies (1) of 2794

ahhaha, interest rates should be considered in as much as they add to the cost of purchase. a house isn't an investment, exactly, however one shouldn't throw common sense out the window to justify paying some absurd amount of money for a "comfortable" house. imho, there is a balance. i would not have paid what i did for my house if it were an investment. however, i didn't pay too much over what i would pay for an investment. i'd also throw in that one should never pay points. two things can occur. you get a rate as low as you possibly could or you can refi. if you refi, you threw away your points. shop for a mortgage. i paid $2-3k less in fees and got a 3/8 better deal than what i easily could have paid for a loan.

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