"NOYB" wrote in message
nk.net...

wrote in message
oups.com...

NOYB wrote:
"HarryKrause" wrote in message
...
This was in today's bag of email:

Dear Harry Krause

You have been pre-approved for a $826,000 Home Loan at a 4% Fixed
Rate.

This offer is being extended to you unconditionally.

To take Advantage of this Limited, all we ask is that you visit our

Website and complete the Approval Form.

(URL deleted)

- - -


It was my understanding from reading this newsgroup that only
dentists
receive these kinds of offers.

Only the older dentists get such an offer. Us young guns have to
settle for
$790k at 4.25%...but at least they fix the rate for 5 years.

Is that why you have an interest only loan?

I have an interest only loan because: a) it makes no sense to tie up my
money by paying principal on a home that's appreciating 20-25% per year
in
value, b) my business won't be paid off until 2009...at which time I
will
get a $6000/month "raise".

It is obvious the "King" has no clue. The capital investment in a dental
practice is as intense, if not more than just about any other medical type
practice. But from a repeat business, there are not many that are so
lucrative......except maybe for M.J.'s plastic surgeon. :-)