Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Every Thing Else Board
Lending question
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Jogeephus" data-source="post: 1413556" data-attributes="member: 4362"><p>TB, just another thought. Lets say you shopped around for weeks trying to find the best interest rate and let's say you plopped down some extra to get some better points and managed to finance at say 5% and you put your other property up for collateral. </p><p></p><p>Let's say you did all this but in year four you decide to sell the property you had up as collateral because you a great deal and a buyer came along. Now let's say the bank wants all of the money to pay off your note since you have now removed their collateral. Did all your efforts to finance at the cheapest interest possible pan out or did you just increase the rate of return for the bank significantly?</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1413556, member: 4362"] TB, just another thought. Lets say you shopped around for weeks trying to find the best interest rate and let's say you plopped down some extra to get some better points and managed to finance at say 5% and you put your other property up for collateral. Let's say you did all this but in year four you decide to sell the property you had up as collateral because you a great deal and a buyer came along. Now let's say the bank wants all of the money to pay off your note since you have now removed their collateral. Did all your efforts to finance at the cheapest interest possible pan out or did you just increase the rate of return for the bank significantly? [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Every Thing Else Board
Lending question
Top