Posted by MSD on April 20, 2012 at 20:23:26 from (67.4.61.137):
In Reply to: O/T:Building a house posted by c-man on April 20, 2012 at 14:19:58:
A good downpayment is a must with a bank loan. 20% is common. Interest rates are the lowest they have ever been. Borrow as much as the bank will give you. You are locked in for 30 years at that historical low. 2-3-5 years from now interest rates could be back up to a more normal level. I paid as high as 13% to do a house one time and lived in one where I was paying 9%. That was normal back in the 90's. The cash you didn't put into it can be put towards something else that might come along when rates are high again. It's opposite of what all the others are telling you but think about it. When that piece of land comes up and rates are at 7-8-9% you might not be able to afford it but you will have your cash that you didn't put in the house.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
