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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Quote:
Originally Posted by GDSOB
Start making the payments at the higher rate now. By the time it adjusts, you should have significant equity to allow for the refi at the going rate. 2 years more years of paydown + appreciation.
Since the gains from selling a residence are not taxable (within reason), neither are the losses.
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Now that's a GOOD IDEA.
+1000
__________________
Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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