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Time Value of Money
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By Ligroy Jonees

Since it is likely that rents will increase within a 30-year span and the interest paid on the mortgage loan is tax deductible, the purchase option may be less expensive.

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What makes the mortgage loan appear expensive when expressed in this way is ignoring the time value of money. Money received in the future must be discounted when compared to money received today. When dis

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This entry was posted on Wednesday, July 12th, 2006 at 11:46 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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