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Posts: 158
why would he not just pay cash? I mean, it's a penny to him. the mortgage interest deduction?? -- nm
Posted by
amanda
Jul 16 '12, 10:05
(No message)
Responses:
Maybe he could buy it with Zynga Bucks -- nm
-
Dano
Jul 16, 10:21
seriously, just take some cash out of your jeans and pay it. who knows what will happen in the next 5, let alone 30 years. I bet PSU didn't figure on
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zork
Jul 16, 10:12
because he most likely doesn't have 6M in cash -- nm
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decline
Jul 16, 10:12
crazier than that - why would he get an ARM that adjusts *monthly* with a maximum rate of 9.95%?
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Max
Jul 16, 10:09
6
because you get a lower rate initially, and if rates go up, you just pay it off.
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ceregon
Jul 16, 10:13
[deleted]
4
still, if I've got an empire that big, the last thing I want to do is watch or pay someone to watch rates on a monthly basis.
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Max
Jul 16, 10:13
3
[deleted]
2
look at it this way - if he saves 1% on a $5M loan for the ARM option, that's what, $50k per year? Not worth the effort to me in his position. -- nm
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Max
Jul 16, 10:23
mo' money contracts mo' problems! -- nm
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Max
Jul 16, 10:19
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