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Welcome to SportTrac.Org
Off Topic Discussion
Mortgage Questions
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<blockquote data-quote="Tom Schindler" data-source="post: 767632" data-attributes="member: 56140"><p>The issue is getting enough intrest to get into that 10 to 15 years.</p><p></p><p></p><p></p><p>Without a good chunk of cash in there, the return you get could be better spent putting it on a principle and paying off the burdon of a loan.</p><p></p><p></p><p></p><p>It is interesting that as our society, as a whole, gets better educated in investing for the future, the over allo society has more financial issues than before.</p><p></p><p></p><p></p><p>Is this a situation where it works out on paper, but not in real life?</p><p></p><p></p><p></p><p>My family member became a millionaire by paying cash for everything and hardy ever taking a loan. Would he be richer if he took a loan for everything?</p><p></p><p></p><p></p><p>I doubt it myself.</p><p></p><p></p><p></p><p></p><p></p><p>Tom</p></blockquote><p></p>
[QUOTE="Tom Schindler, post: 767632, member: 56140"] The issue is getting enough intrest to get into that 10 to 15 years. Without a good chunk of cash in there, the return you get could be better spent putting it on a principle and paying off the burdon of a loan. It is interesting that as our society, as a whole, gets better educated in investing for the future, the over allo society has more financial issues than before. Is this a situation where it works out on paper, but not in real life? My family member became a millionaire by paying cash for everything and hardy ever taking a loan. Would he be richer if he took a loan for everything? I doubt it myself. Tom [/QUOTE]
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Welcome to SportTrac.Org
Off Topic Discussion
Mortgage Questions
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