Lake Medina Topics: This weeks Barron's on housing

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	Name:	BamaBob3 -
	Subject:	This weeks Barron's on housing
	Date:	8/23/2006 5:32:34 PM

This is very sad! I think interest only loans are terrible unless you only need the loan for a very short time period (months...not years).

So many people get mortgages on the mortgage company's terms because they have no options, no choice. I don't think they really care if people can pay the mortgage or not.

The thing that everyone with a mortgage should do it to pay extra principal payments at the beginning of the mortgage...just as much as they can.

I tried to talk my son out of buying his house because he was young with weak credit. He wound up with a higher interest rate and may be able to break even after three years. He was too impatient.

Other messages in this thread:

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This weeks Barron's on housing - roswellric - 8/22/2006 3:18:23 PM

This weeks Barron's on housing - rude evin - 8/22/2006 10:04:44 PM

This weeks Barron's on housing - BamaBob3 - 8/23/2006 5:32:34 PM

This weeks Barron's on housing - Ulysses E. McGill - 8/23/2006 5:52:42 PM

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