
Поул Александр
Just waiting to sign our papers on a 5% loan. We did everything Real estate Breckenridge right. We have hardly any credit card debt, bought a house we can actually afford on one income and have a great Real estate Breckenridge FICO score. Hopefully there's more folks like us out there.
There are! Keep up the good work . We may not have everything the neighbors have, but what we do have is paid for!
That's right! I think that is our Real estate Breckenridge nation's whole problem. Not buying things that they can actually afford but trying to keep up an image. I remember a time that there were hardly any VERY EXPENSIVE clothing stores (i.e., Niemen Marcus, SAKS) and only trully wealthy folks shopped there. Now those types of stores all over the place and people with more modest Real estate Breckenridge incomes are shopping there on CREDIT.
If you can afford cash to shop at SAKS, shop there. If you can't find a store where you can. Be proud of what you've been given and quit trying to have more.
there are tens of millions of families with their homes underwater, that are on 5 or 7 year ARM's that are due to adjust in the next 3 years or so
I don't have an ARM right now, but I did a number of years ago. I don't know too much about ARM's today, but the one I had was that the ARM adjusted to 1% above the Prime Rate, the prime is 3.5%, so that would say a lot of mortgages are being rest to 4.5%. What is wrong with this?
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