Quote:
Originally Posted by PornoMonster
Is this Current loans? Or New Loans for car, house and such.
I don't see if you are in a contract with a lending company, how they can raise your rate higher than what is in the contract.
I do not know much about this area, as I have always paid cash.
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Current and new. Rates are renegotiated every 5/10/15 years. What's affordable now might be foreclusure in 5 years for many who bought the most expensive home they could buy.
Smart people buy what they need and keep the market fluctuations into consideration, General joe public goes broke by 2014.. subdivisions will be ghosts towns..