Quote:
Originally Posted by cmhsam
The money that is put down towards MSD's does that count towards lowering your cap cost too?
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Quote:
Originally Posted by RPiM5
Yes of course it does, you silly.  |
NO IT DOES NOT! Multiple Security Desposits only lower your money factor. They have no impact on your cap cost.
Each deposit up to a total of 7 lowers the MF by .00007. So if you do all 7 you reduce the MF from .00145 to .00096 (.00007*7=.00049; .00145-.00049=.00096). this works out to roughly a 2.30% rate versus 3.48%.
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