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To: SouthTexas
I don’t have a mortgage payment, guess I’m screwed. Same here.
38 posted on 11/16/2008 11:32:45 AM PST by Phoenix11
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To: Phoenix11

FYI #37


45 posted on 11/16/2008 11:36:21 AM PST by nufsed
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To: Phoenix11; SouthTexas

What’s a mortgage?

We bought a house we could afford. Yeah, it needed some work (still does) but it’s paid for, the vehicles are paid for, no credit card debt....

Even with reduced interest rates, when you pay off a mortgage, you’re still paying the bank money to borrow theirs and you’re still paying more for the house than it’s worth, in interest payments.

If mr. mm ever loses his job, we don’t have to worry about missing the payments.


102 posted on 11/16/2008 3:52:54 PM PST by metmom (Welfare was never meant to be a career choice.)
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