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To: enat

I was amazed the people who bought my first little house had 2 mortages on for teh principle and one that covered teh downpayment. You should NEVER borrow your downpayment. That’s insane. And you get what you ask for.

the house was only $90K /sigh


14 posted on 09/29/2008 4:43:53 PM PDT by genxer
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To: genxer
You should NEVER borrow your downpayment.

When I bought my first house 25 years ago I had to show 12 months of bank statements to prove that I didn't just borrow the money for the down payment. Things certainly have changed.

40 posted on 09/29/2008 5:31:31 PM PDT by Cementjungle
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