We tried the Rural Housing Developement and we hit two road blocks.
1. Since my wife and I work several extra jobs other than our main ones we make $3K a year too much to apply for it in the county that the farms were in.
2. The land can only appraise for 25% of the purchase price.
I definitely agree that the 30 year fixed is the way to go. One bank tried talking us into their mortgage which was a 7 year fixed then ARM. He said that most mortgages only last 5 - 7 years. I told him that when we get our place we aren't moving ever so it would be a full term loan.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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