Beach- aint that the truth. If more folks would live closer to thier means I dont think the econmoy would have been so messed up. I dont mean you cant finance anything, just be smart about it. Dont figure your montly payments to the last dollar. Because I can asure you something will go south, then your over extended.
Loads of years back probably 10 or more we refinanced the house as rates dropped etc. So was good time. When we refiananced the mortgage compny tried really hard for us to take out more money like up to 110% of what house was valued at. Thats just plain stupid to loan more than what something is valued at in my book. No wonder FANNY mac or whatever it was went upside down. Im not a finance major, but that there just dont make sense, no what I mean Vern?