Re: O/T can it be done

Posted by IaGary on January 11, 2007 at 10:43:22 from (66.43.221.249):

In Reply to: O/T can it be done posted by old on January 11, 2007 at 10:21:26:

In about 10 years he will pay about $130,000 on that $70.000 note at 6%.

In ten years at 3% on his $100,000 he will get 30,000 in interest earned if no princple was used.

If he uses the princple also it may work but there will be no money left.

I think you are right old unless he is helping with the payments with earned income form other sources.

Gary

Replies:

• Re: O/T can it be done Gerald J. 15:48:06 01/11/07 (0)

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