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Old 06-27-2007, 03:35 PM
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jeepgclwj jeepgclwj is offline
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Re: New Large Purchase

Congradulations!!!

I purchased my first house about a year and a half ago and it was the best move ever. I paid out rent for over 12 years. Lots of wasted money but thats life.

I hope you got a fixed rate because I see countless people having to sell or foreclose because there payment went up and up for the first couple years till it was unaffordable...Predatorial Lending is what its called. People get very excited to get a house they dont see the bigger picture. They are led to believe they will be making more in a couple years....
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