First house fresh out of college in 1980 in SD, was able to assume a 7% VA loan on the house I bought. $400 a month mortgage, interest and taxes. That was a great rate at the time. 1987 bought a hobby farm with old farm house in MI at 11% interest and $1100 a month payment! Since then we have bought and sold numerous properties from 9 to 7% and lower payments. This last place I bought the land with funds from a home equity line of credit, paid that off in a year and then sold properties while I built this house with no note.....that is the best interest rate! Bad news is the taxes amount to close to $500 a month.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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