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|  Message 1285  |
|  Mark Hofmann to Tom Walker  |
|  Re: GMC Suburban  |
|  07 Aug 12 17:11:18  |
 TW> TOTALLY WRONG Thinking. TW> I just cranked a few figures from younger years in the loan TW> calcualtor and for a $95,000 Home Laoan with a $700 per month payment TW> one would have only saved $93780 in Interest. THAT IS FAR from Rich. TW> AND after the $700 stops that part of what you called "cost of living" TW> drops dramaticly as only a much smaller amount of property taxes remains TW> TW> For those that can swing the payments NOT buying a house is Terminally TW> STUPID TW> TW> I canot express how great it feels to only be paying the property Taxes TW> to put a roof over my head. I look forward to the feeling only having to pay property taxes on our place. We have a way to go, but we will get there. Also, you have to figure in the Interest write-offs you can do on your taxes when you own a home. The first 5-8 years of a mortgage are almost all interest, which is a nice chunk to write-off. - Mark --- WWIVToss v.1.50 * Origin: http://www.weather-station.org * Bel Air, MD -USA (1:261/1304.0) |
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