To: SmithL
the three family members had $4,800 net income per month. Despite those positives, they ended up with an adjustable-rate mortgage that rose from a $2,800 monthly payment to $3,500. Stupid in any language. $2,800 on a $4,800 take home pay? Even if the rate was fixed that would be an incredible amount of money.
If I were going to Mexico to buy some property, there is no way I would go in without my own representative (probably a lawyer) who spoke English and Spanish.
17 posted on
08/24/2007 8:54:53 AM PDT by
KarlInOhio
(May the heirs of Charles Martel and Jan Sobieski rise up again to defend Europe.)
To: KarlInOhio
$2,800 on a $4,800 take home pay?
That was my first thought. More than 50% of your take home on housing? Yikes!
24 posted on
08/24/2007 9:02:03 AM PDT by
andyk
(Go Matt Kenseth!)
To: KarlInOhio
If I were going to Mexico to buy some property, You can't buy property in Mexico. You're not a citizen. That's Mexican Federal Law.
36 posted on
08/24/2007 9:57:19 AM PDT by
woofer
(Earth First! We'll mine the other eight later.)
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