Message-ID: <537849.1075842029343.JavaMail.evans@thyme> Date: Mon, 7 Jan 2002 13:01:08 -0800 (PST) From: john.zufferli@enron.com To: livia_zufferli@monitor.com Subject: RE: Cc: jzufferli@shaw.ca Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: jzufferli@shaw.ca X-From: Zufferli, John X-To: 'Livia_Zufferli@Monitor.com@ENRON' X-cc: 'jzufferli@shaw.ca' X-bcc: X-Folder: \ExMerge - Zufferli, John\Sent Items X-Origin: ZUFFERLI-J X-FileName: john zufferli 6-26-02.PST Dad asked if I wanted to lend you some money but I am reluctant to do it at this point in time since: a) I am not completely at liberty to touch all the cash that I have received lately for concern that it may be taken bank under potential creditor action against Enron. Unfortunatelty, without this cash, I really can't afford to lend any. The cash that I received recently represents 80% of the cash that I have and I am not sure when I can count on this cash with any degree of certainty. Therefore, I am reluctant to touch this money for at least 6 months. b) As of right now, I don't have a job after Feb. 28. The new company deal that Enron is trying to structure with its traders and a new buyer will not be done until the month. If this deal falls through, then I have to find a job with another company. In this case, it is most likely that I will have to move back to the US since my contacts and the most lucrative opportunities (i.e. compared the the new Enron deal) are there. c) If I had the cash to give, Dad asked that I could give you a discount to the bank mortgage. With discount rates near 5%, even if I gave you a mortgage at 4%, I don't think the monthly interest saving for you would be material enough. d) I think it is good for you to develop a credit rating with a bank through a mortgage. It is very beneficial for later on in life. Paying visa bills does help you a bit in this category, but not like a mortgage. Hopefully, you can get the financing from a bank. I think that this is the best solution in the long run. -----Original Message----- From: Livia_Zufferli@Monitor.com@ENRON Sent: Monday, January 07, 2002 12:54 PM To: Zufferli, John Subject: Hi John, Wanted to talk to you about the house stuff. Dad told me that he was talking to you about financing options. I just wanted to say that I don't want you to feel compelled to write a mortgage for me -- dad's just trying to explore different options. I know it's a lot of cash, and I would never want to impose on you. I'm sure that I can get a mortgage from the bank at a decent rate, as long as I can put down the 25% down payment so that I can avoid the mortgage insurance, which is costly. I'm cashing in some GICs and other bonds, and Ali's going to lend me $10K, so I will be able to come up with the $55K for the down payment. If writing the mortgage is something that you would like to do for a stable investment, then we can talk too. My time horizon on the condo is 5-7 years, so i recognize that that would hold up your capital for a long while. Anyway, I have to go ahead and get the guarantee of financing within 5 days or so, so I have to make a decision in the next day either way. Maybe you can call, or email me? Livia