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When purchasing an investment property...

Started by ChrisT
almost 16 years ago
Posts: 91
Member since: Apr 2009
Discussion about
that will be used as a primary residence at some point in the future (approx. 5 years) what are the mortgage options, tax implications, etc. Thanks!
Response by NWT
almost 16 years ago
Posts: 6643
Member since: Sep 2008

In fifty or fewer words, please.

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Response by wellheythere
almost 16 years ago
Posts: 166
Member since: Dec 2008

Five year adjustable rate fixed at 600 bps below or above the trailing daily median average of LIBOR and LIPITOR, capped at 12% and swapped at 11%, fully amortizing on an interest-only basis is your best and worst option. You can get this through Wachovia or Bear Sterns Wealth Management Divisions. Tax implications are hazy, ask again later.

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