Bought my first house in 1982 for 27,000. 3 year no-renewable Contract for Dead at 14%.Put around 4000 down and paid 230.00 a month. Work was good and paid it off before the end of the contract. 800 sq.ft. 1 bath and raised 2 kids in it. Lived in it 20 years and sold it for 3 fold the money. Built one in 2002. 3.25% 2800 sq.ft. and now the kids are gone. Pretty big for the two of us but I aint movin again.
The first time I got a loan was in 1978. Bought a new Chevy Big Ten 4x4. 36 months at 133.00 a month. Don't remember the rate. I do remember I made 9.00 an hour when I worked and worried about missing a payment.My how times change.
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