My 1st home was on a farm that I bought in 1980. It was an SBA loan at 5% and a young farmer program. That didn't work out well and we sold it in 1984. In 1985 we rented a house and 10 acres with an option to buy. $100 of the rent went toward the down payment. In 1987 we purchased the place on an 8% owner financed note. In 1995 we wanted to remodel and so we paid off the guy we bought it from and got a equity loan for 5%. We paid that off in 2001.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
... [Read Article]
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