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hmmm, i vow to no longer use smilies.
unless i feel like it. |
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Monsanto have proven experience with killing vegetation and posioning entire populations, they manufactured Agent Orange as well. |
In regards to BigV's post....
I was watching TV the other day and saw an advertisement for a home loan that said it could "cut mortgage payments in half!" Upon freezing the picture (viva la DVR) I read the fine print. It's an interest only loan. Yes, the average home owner pays $1200 a month, and $600 of that is interest. With their loan program, you only pay the interest, and then, when you want to, you pay on the principal. I wonder how many people bought into that? |
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i don't know the ad you are talking about, but int. only loans are not new. or bad, for the right individual. if you plan on paying a home off and living in it for many years, move along, this isn't the loan for you. but if you aren't planning on being there more than 3-5 years (which is about average) and you have the discipline to save the difference between an amortized loan and an int only loan, then it is a very useful tool. YMMV.
there is no way to get tricked into this loan unless you are just brain dead. there are so many disclosures within your loan process that it would truly take a world class moron to not understand the difference. |
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