Was just watching a piece on CNN about homeloans & they focused on one gal that purchased a house, here are the figures
$38,000 salary
$10,000 down payment
$700,000 house
Loan payments started at $700 per month.
She is 2 months behind her mortage payment which is now $7,000 per month.
Getting tired of hearing people say that they did not know about loan they were getting into, where does common sense come to play on both the person seeking the loan & the lender...
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