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RE: Looks Like I Am Buying A House!
Congratulations, but I have to tell you that 11% interest is absolutely INSANE. I hope you plan to rebuild your credit and refinance because just to give you an idea, on a $175,000 - 30 year mortgage, the interest ends up being like $112,000. That same loan at 11% over the life of the loan is $424,000+ just in interest! I don't know you or your business, but that isn't a good deal at all. https://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx?pid=semgdtbmmbankratespamortization&ttcid=%2Bbankrate%20%2Bamortization|c|kwd-306982401353|g|1023343&gclid=EAIaIQobChMIndqRhPSN2QIVVrnACh0V1QegEAAYASADEgLl7fD_BwE#testid=9987094259_control
Yeah I am aware of that. My credit is good now I just don't have much income right now because of school. I plan on paying it down as quick as possible and getting refinanced as soon as I qualify. Thank you!