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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 9 Apr 2005 17:17:10 -0700
/ Author of the message: "OptionARMpopeye" |
Title of the message: |
Fixed Rate Mortgage Pros and Cons: A Discussion
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Text of the message: |
Conventional wisdom tells us, "get a 30 year 5% fixed rate mortgage pay it for 30 years and own your home. In actual practice things do not usually go that way. Your family grows, you change jobs and move to another city, your kids go to college and you refinance to pay tuition, your company "downsizes" and you need to scramble to start a new career, etc, etc, etc.. This is not a slight at all on the steady Eddies out there that have investment portfolios, perfect credit, absolute job stability, a perfect marriage, a boat, summers in the Hamptons, and a clear cut plan. Far from it, but then again why are so many of them opting to free up more money, and take advantage of tax breaks a mortgage and only a mortgage offers? Many savvy investors are accepting refinance options at 4-5% and using that money for returns in the 7-12% range. Who is doing better the guy that is paying down his mortgage giving the |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.