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Message Subject Anybody in real estate?
Poster Handle Anonymous Coward
Post Content
With interest rates so low now, it's OK to finance. Just put the minimum amount required to secure the loan as you need a cash reserve and you won't be broke if you lose it and become homeless.
 Quoting: Doominator 162364


WRONG. WRONG. WRONG. Interest rates have nothing to do with anything. What you need to know is if you are going to stayed employees consistently enough to cover your mortgage for the next 15 to 30 years. The earning ability question is critical. Nest to that question, interest rates are meaningless.
 
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