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#11
10-12-2005, 05:52 PM
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Re: buying real estate
[ QUOTE ]
Well loan would be a house loan, 25 yrs is a pretty standard duration right? And interest rate would be the best I can get my hands on. [/ QUOTE ] Actually most loans are 30 years or 15 years. If you mortgage $200K at 6% fixed rate (which not that great) for 30 years, your payments will be about $1200.00/month. (that's without counting insurance) 
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