Posted by in-too-deep on October 12, 2007 at 12:10:25 from (209.102.166.125):
Lately I've been wondering what it'll take for me to buy a house. Instead of going to the bank and have them look down their noses at a 20 year old and get blown away by jargon, I was hoping you folks could explain things. I'd be looking at a FIXED interest rate of 6.9% or so. That's pretty much all I've got to go on. How is the interest compounded and paid off and all that? My dad told me it's a lot more complicated than a 3 year car loan. Right now I pay $500/mo. rent on a little country home, and I wonder what I can borrow for $500. Try not to discourage me too badly, my biggest goal in life is to own a home and a patch of grass.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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