Posted by El Toro on April 11, 2008 at 14:38:35 from (205.188.117.74):
In Reply to: OT - Economics posted by Spook on April 11, 2008 at 13:12:21:
They should never have lowered the interest rates since the realtors will tell a customer with the rates being so low, you can now afford a more enpensive house. They forget to tell them what the real estate taxes, heating & cooling, water and sewer bill is. I had to show copies of my 1040 for 2 years and get a statement from my employer showing how long I had been employed there and if the job was permanent or temporary. This was for am VA loan in 1962. I didn't have to do all that on this home since I paid 1/3 down. Hal
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Today's Featured Article - Restoration Story: 1929 McCormick-Deering 10-20 - by Randal Simmon. On July 4th 1998 my dad and I was sitting on the front porch when he said that he was going to sell his two 10-20's to a junk man. He said that the junk man was going to give him $500 for both of them but he hadn't received the money for them yet. So I went into the house and wrote him a check for $500 and bought them myself and said now they are mine. He had bought them about five years before thinking that he was going to restore them himself. After five years sitting in the barn, he changed h
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