Monday, March 21, 2005

MSN Money - The 3 worst money moves you can make

Aint this the truff:

MSN Money - The 3 worst money moves you can make: "Beware, homebuyers.


Beware, homebuyers. Everyone around you is conspiring against your financial best interests.

"Your real estate agent wants you to buy the most expensive house you can: the higher the price tag, the bigger her commission. Your lender is in cahoots, as well. Not only will a larger loan rack up more fees and interest, but also the lender knows you’ll move heaven and earth to pay your mortgage even when you’re falling behind on other bills..... "

Use a 25% PITI and thats where most people are comfortable.

hmph.



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