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Welcome to SportTrac.Org
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Mortgage Questions
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<blockquote data-quote="Tom Schindler" data-source="post: 767635" data-attributes="member: 56140"><p>TJR,</p><p></p><p></p><p></p><p>No, he is making payments over the duration of the loan.</p><p></p><p></p><p></p><p>What I was saying is that with minimal money to invest, you would be hard pressed to find any account or investment that will give you a guarenteed 8% minimum return on your money. Sure, it you had $250,000 to $1,000,000 to invest somewhere, you can get almost anything in return for your money.</p><p></p><p></p><p></p><p>For the average worker, investing $5.00 here and there just does not get the intrest rate high enough to really make it a wise investment.</p><p></p><p></p><p></p><p>If he had $75,000 in a savings account, CD, or Money Market ceritifcate, he would lose money by paying intrest on that money on a loan.</p><p></p><p></p><p></p><p>Because he has so much to invest, he gets a higher intrest rate on his money.</p><p></p><p></p><p></p><p></p><p></p><p>Tom</p></blockquote><p></p>
[QUOTE="Tom Schindler, post: 767635, member: 56140"] TJR, No, he is making payments over the duration of the loan. What I was saying is that with minimal money to invest, you would be hard pressed to find any account or investment that will give you a guarenteed 8% minimum return on your money. Sure, it you had $250,000 to $1,000,000 to invest somewhere, you can get almost anything in return for your money. For the average worker, investing $5.00 here and there just does not get the intrest rate high enough to really make it a wise investment. If he had $75,000 in a savings account, CD, or Money Market ceritifcate, he would lose money by paying intrest on that money on a loan. Because he has so much to invest, he gets a higher intrest rate on his money. Tom [/QUOTE]
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