10/01/2004 - Bought a house for $287,900. Put down $82,000, and took out a 30 year mortgage for $205,000 at 5.5% fixed.
Sadly, we are holding onto my wife's house. She owns half of a two family house with her sister. Because her sister has no interest in selling, and no interest in buying us out, we plan to rent out our half. Really though, holding onto this place looks like a potential thorn in our side. |