First house fresh out of college in 1980 in SD, was able to assume a 7% VA loan on the house I bought. $400 a month mortgage, interest and taxes. That was a great rate at the time. 1987 bought a hobby farm with old farm house in MI at 11% interest and $1100 a month payment! Since then we have bought and sold numerous properties from 9 to 7% and lower payments. This last place I bought the land with funds from a home equity line of credit, paid that off in a year and then sold properties while I built this house with no note.....that is the best interest rate! Bad news is the taxes amount to close to $500 a month.
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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