Wednesday, September 12, 2007

Open Question: Mortgage for begginer?

Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 - 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What is my company borrow me some money, at a fair interest rate of say 5% simple interest and I use it to buy this property ?

What are the advantages and disadvantages? From what I can see. I will have lots of money on the loan (interest) and not have to make a large down-payment and I’ll own the properly free and clear.

Thanks guys.

Open Question: I've figured out a way to buy a property w/o having to get a mortgage. Tell me what you think?


Let’s say I want to buy a commercial property for 200K and don’t want to put do 30% and get into an 8 - 10% interest rate commercial mortgage. I own a very profitable company which grosses 1M per year, Bank are always offering this company large loans or equity lines on the business. What if my company borrow me some money, at a fair interest rate of say 5% simple interest and I use it to buy this property ?

What are the advantages and disadvantages? From what I can see. I will have lots of money on the loan (interest) and not have to make a large down-payment and I’ll own the properly free and clear.

Thanks guys.

Open Question: Will Construction and Real Estate inevitably be effected by the recent decline in bank issued mortgages?



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Open Question: Mortgage for begginer?


Id like to borrow around 200,000-250,000 for an apartment. I have no experience in this so id like to know is how much will i have to pay each month-week, do i need a downpayemtn and anything else you might think i need to know

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