From: "Cheese" 
Newsgroups: alt.invest.real-estate alt.real-estate misc.consumers misc.consumers.frugal-living misc.invest.real-estate
Subject: Re: Home eq Loan vs. mortgage
Date: Sat, 30 Aug 2003 10:23:52 +1000


 wrote in message
news:ue1vkvkiu51v5v9fjqmora97jqtb73k0hf@4ax.com...
> On Fri, 29 Aug 2003 23:06:10 +1000, "Cheese" 
> wrote:
>
> >
> > wrote in message
> >news:vkrkkv4nq8d5lpqfd51g1n67t47uq5r4fh@4ax.com...
> >
> >> When we purchased our present home we paid in full with cash. We then
> >> obtained an Home Equity line of Credit of $100,000 based on our equity
> >> in the house and subsequently used it to pay college tuition costs and
> >> purchase two new cars using the line of credit.  There never was a
> >> mortgage on the house other than the Home Equity line of credit.
> >
> >What kind of retard are you?  That's the same as having a mortgage
dumbo...
> >
> >If it's not, tell me how is it different....
> >
>
> Looks like people who go around calling others 'retards' do not have
> to be able to read or at least need to be able to read with a modicum
> of comprehension!  Try reading the original article that you are so
> critical of with the help of someone with at least a third grade
> reading level.  Maybe running your finger under the words and mouthing
> them as you red the article would help you understand what was written
> and keep you from thinking you are reading something else!


True I didn't read the original article, just responding to the above on
its' merits.

By the way I like your response.  Can I borrow it?

; )