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Money sure is cheap right now.

forkliftkingforkliftking Member Posts: 5,173
edited November 2011 in General Discussion
The real estate that ajoins my business recently came available for sale. Made them an offer and they accepted. Called the bank and checked on borrowing the money and if I just borrow it against my existing residence, I can get a home equity loan to pay for it for 3.25% interest with a very minimal fee ($300) for all the paperwork. I knew interest rates were low but I didn'n think it was quite that low. If I would have went with a conventional loan, they offered 3.875% with around $1400 for closing costs.

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