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Our Mortgage!

Yes, we did not have enough cash to buy our place without borrowing from the bank.  It would have been nice but in todays world it is not a realistic possibility for most people.  We bought our condo for 239,500, we then took out a home equity line for $191,600.  This is the maximum amount that you are allowed to borrow for a HELOC.  The difference of $47,900 was our down payment.  After all... [Read more]