To: ex-Texan
>>Notices of pending foreclosures are piling up, in what many believe to be the first wave of a trillion-dollar tsunami: The dollar volume of home loans with interest rates that will be ratcheted upward over the next several months.
New Palm Beach County foreclosure filings rose by 34 percent in June compared w<<
We bought our house 13 months ago - and I remember a friend teasing me for having fixed rate mortage when she and her husband were only paying 2%.
5 posted on
08/09/2006 10:08:34 AM PDT by
gondramB
(We will have peace, when you and all your works have perished and the works of your dark master)
To: gondramB
I would never buy a house unless I was sure of 2 things:
1. I could put at least 10% down with closing costs.
2. I could afford 125% of the total payment (insurance, pmi, payment, utilities, taxes).
7 posted on
08/09/2006 10:11:51 AM PDT by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
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