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General Discussion
Hmmm... Mortgage Rates.
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<blockquote data-quote="muchado" data-source="post: 86391" data-attributes="member: 17"><p>That's what I'm doing. Paying off my credit card, some misc. other personal debts I accrued to remodel my pad and putting a few G's towards anothurr bike <img src="/styles/default/xenforo/smilies2/dblthumb2.gif" class="smilie" loading="lazy" alt=":dblthumb:" title="Dblthumb2 :dblthumb:" data-shortname=":dblthumb:" /></p><p></p><p>As far as work goes, I'm having them deduct an extra $21 per paycheck so that I make sure I don't owe anything at the end of the year.</p><p></p><p></p><p></p><p></p><p></p><p>Yes they do---BUT... only if you profit from your house..</p><p></p><p>Let's say you buy a house for $200k, take the $7500.. Now you go to sell tomarrow and get only $203k.. well govt. only takes the $3k that you made in profit and eats the difference.... They don't make you pay back out of equity.</p><p></p><p>But let's say you pay $200k for a house and sell it 6 months from now since the economy is all better due to CHANGE... Say you sell the house for $225k now... OK well govt. takes the full $7500 back and you still have the $12,500 on top...</p><p></p><p>There's no way to get ****ed on this deal is how I look at it. interest free money is better than 14%-21% on a credit card. If for nothing else, take it and put it in an interest bearing account and pay the $500 back yearly...</p></blockquote><p></p>
[QUOTE="muchado, post: 86391, member: 17"] That's what I'm doing. Paying off my credit card, some misc. other personal debts I accrued to remodel my pad and putting a few G's towards anothurr bike :dblthumb: As far as work goes, I'm having them deduct an extra $21 per paycheck so that I make sure I don't owe anything at the end of the year. Yes they do---BUT... only if you profit from your house.. Let's say you buy a house for $200k, take the $7500.. Now you go to sell tomarrow and get only $203k.. well govt. only takes the $3k that you made in profit and eats the difference.... They don't make you pay back out of equity. But let's say you pay $200k for a house and sell it 6 months from now since the economy is all better due to CHANGE... Say you sell the house for $225k now... OK well govt. takes the full $7500 back and you still have the $12,500 on top... There's no way to get ****ed on this deal is how I look at it. interest free money is better than 14%-21% on a credit card. If for nothing else, take it and put it in an interest bearing account and pay the $500 back yearly... [/QUOTE]
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Hmmm... Mortgage Rates.
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