Quote:
Originally Posted by richie83
i went for the 15yr payment plan, since it means i put less money in over the completion period and i intend to sell before completion. the payments after the initial 30% are very manageable. of course you are charged interest but if you sell in 2/3yrs it does not equate to too much difference, and hopefully you will see enough capital appreciation to cover it and make a tidy profit. thats what i'm hoping anyway.
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There we go. A cladssic case of leverage. Works extremely well if the numbers are right.
Regards
Roshan