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Old 03-20-2006, 05:01 AM  
Fred Quimby
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Join Date: Jul 2004
Location: Long Island, NY
Posts: 5,430
Quote:
Originally Posted by woj
hmm, so you get 5% with a cd, but have to pay 6.5% for the interest only mortgage, how exactly are you coming out ahead?
He still has to pay income tax on that 5%

And 99.999% of people are not diciplined enough to do this.
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