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To: Moominoid who wrote (36424)7/1/2008 3:35:11 PM
From: Ilaine  Respond to of 217572
 
:)

It does lower our marginal tax rate quite a bit. I think we are about 10% overall after deductions.

Also, the monthly payment for "rent" hasn't changed since we bought the place, still paying $1700/mo. for a five bedroom house on .4 acres, which is quite reasonable for just outside the Beltway in Fairfax County.

In contract, I am negotiating to stop a foreclosure for a house in the boondocks worth less than ours where the monthly note is $4410. They put no money down and the interest rate is double digits.