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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (3564)	1/5/2005 7:02:29 PM
From: Vendit™	Read Replies (1) \| Respond to of 8752

I can borrow at prime rate plus 1/4% on most loans so I still think money is fairly cheap. I have not shopped for a mortgage loan in a while but they are close to 6 1/2 - 7%? I also think that you can get an ARMS loan much cheaper and do it on shorter term notes like 3 to five years but amortize over a 15 to 20 year time frame to bring your payment down. ARMS rates at one time were like 2% but floated. So you could not get whacked as long as you did your mortgage on short term notes with 15 year amortization loans. I used this method when I was in the real-estate business to leverage my company. It worked very well.