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Old 10-22-2008, 01:02 PM
jhv48 jhv48 is offline
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All good unless perhaps you are unable to meet the monthly obligation (payment) for some reason, health issues, stock market crash, etc.

Then you have placed your home in jeopardy. Not a good position to be in when retired.

You don't spend 30 years paying off the house only to mortgage it again in order to buy a car. Not smart thinking!
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