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Re: O/T can it be done
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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
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