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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

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Nov 24 4:00 PM EST

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To: Jacob Snyder who wrote (29301)	10/13/1999 7:46:00 AM
From: Benkea	Read Replies (1) of 99985

Jacob: First, no I don't consider an 80/20 LTV "leveraging" your home. I own my home outright, but I do have an 80/20 on a rental at 6 1/4% 30 yr fixed (obtained last summer - perfect accidental timing - with 3.75 pts). FWIW, upon my one year anniversary of ownership on 8/1/99, I raised (and got) the rents 20% on the property while the monthly nut is (and will remain) the same. Second, I think anytime they are giving you money sub 7% (and tax deductible) for 30 years fixed, it is hard to turn it down. You can get more than 6 5/8% out a CD while you wait for rates to rise. I think you'll be able to buy 10% CDs in the next 5 to 10 years minimum and pocket the risk free spread. Of course, there are other much higher return ways that entail slightly more risk as well.

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