Quote:
Originally Posted by afc wimbledon
In case you're wondering trying to make a mortgage payment of 1000 bucks a month (that's what 75,000 costs to borrow at 15%) on a salary of $12 an hour is pretty scary, for a while rates went up to 22%, thank Christ I didn't have to renew or I would have had to walk away from it
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So basically what people are faced with today?
If interest rates jump up to 7% I wonder how many people will be screwed at renewal time?