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Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: La Bibliotecaria Feroz on May 14, 2016, 10:02:43 AM

Title: Not enough cash to rent an apartment? Buy a house instead!
Post by: La Bibliotecaria Feroz on May 14, 2016, 10:02:43 AM

I keep hearing these ads for a mortgage company on the radio. They point out that to rent an apartment, you need first and last month's rent and a security deposit--that could be like $4500! Who has that kind of money? BUT for just $1000 up front, you can buy a house AND skip your first month's mortgage payment!

Yikes.

Title: Re: Not enough cash to rent an apartment? Buy a house instead!
Post by: KMMK on May 14, 2016, 10:11:23 AM

Wow. Has no one learned anything from the past housing crash? Who are these lenders? Just crazy.

Title: Re: Not enough cash to rent an apartment? Buy a house instead!
Post by: slugline on May 14, 2016, 06:29:04 PM

Well, they're asking for $1000 more than a no-money-down mortgage requires. . . .