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Old 11-26-2007, 09:09 PM   #41 (permalink)
shel90
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Join Date: Sep 2006
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In addition to what Jackie said, not only people are foolish to get high mortgages but people also have taken loans that are not on a fixed rate..like balloon loans with fluxating interest rates so these people get stuck with a mortgage payment twice as much as their first mortgage payment in a year or so.
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