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Old December 3rd, 2007, 11:40 AM   #21
redmud
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Location: Fenton, MI
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My house has lost almost a fifth of it's value in the two tears since I bought it, compared the comperables in my neighborhood. When we bought, we did so the old-school way- you know, money down, fixed rates and so on... But we bought knowing that we were going to have to really like living there for at least 10 years. I almost wish we'd waited, we could have gotten a ton more house BUT- we got a killer interest rate (My wife rocks) that I'm pretty sure we couldn't get today.

Also- we went out of our way to find a lender that thought ARMs were "Stupid and Dangerous" -His words. He also wouldn't approve us for as much as we could have afforded- he said he'd rather sell us less house and have more financil breathing room. Good Guy.
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