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Message Subject Mortage vs Apartment living cost
Poster Handle goodgoddess
Post Content
Apply for a Habitat House, if you qualify you get a zero interest loan. My 3 bedroom 2 bath house costs me $400.00 a month INCLUDING property tax and insurance. There's a catch though. Getting all your equity before it's paid off is not possible. after 15 years of a 30 year loan I am only eligible for 50% of the equity if I sell it! Hence the term "golden handcuffs", I couldn't find a comparable rental for that price.
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