> When mortage lenders are willing to lend at 5% down on a $180,000 dollar home,
> which is going on in this area, it does give one cause to pause.
For what it's worth, that's rather common in Canada. You are forced into a federal mortgage insurance plan until your equity passes 25%, though. No doubt mortgage lenders in the US have similar plans in the private sector.
marco
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> | The further I get <
> Marco Anglesio | from the things I care about <
> mpa at the-wire.com | The less I care <
> http://www.the-wire.com/~mpa | how much further away I get <
> | --Robert Smith <
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