From: A S 
Newsgroups: alt.building.realestate
Subject: Re: Why Is Suze Orrmon Popular?
Date: Sun, 9 Jan 2005 21:01:16 +0000 (UTC)

SJH  wrote:

> On  7-Jan-2005, A S  wrote:

>> The days of starting a business on
>> credit cards are mostly gone...

> What do you mean?

I mean that (IMHO) it is more realistic and less expensive to obtain 
funds from one's equity in the home than from credit cards (all these 
stories about small businesses started on maxed-out CCs).

I do note your point, however, that you pay the bank for the priviledge of
tapping the money of paid up/appreciated equity. And it is (typically if 
not always) a higher rate than on any 1st.

Interesting discussion. So the alternatives are, if I understand
correctly, lowest-APR fixed mortgage, preferably for less than 360 months,
VS. lowest-APR, interest-only ARM AND saving the difference in payments
for investments. Would be interested in arguments for/against each
approach.

Personal take: the former on primary residence (safety), the latter on 
rentals/investments (cash flow and, more importantly, ROI).

> -- 
> Warmest regards,
To you, too.

> SJH

-- 
Alex Safonov                 
safonov [around] cs umn edu 
http://www.cs.umn.edu/~safonov/