I remember my first mortgage payment of $115.00 a month.
It was tough to make but I never fell behind.
Todays mortgages are in the $1500 to $2000 dollar range and if you fall behind you owe $6,000 dollars.Add a $500 dollar a month car note and your hole get’s deep real fast.
Not too many parents can bail you out of that kind of note.
“I remember my first mortgage payment of $115.00 a month.”
Mine was $250.00 with 20% down for 15 years interest rate about 8% before the Carter years kick in. Not much of a house but it was home.