My first and only mortgage was in 1979. $14,000 foreclosed house. Bank required a $4000 cash down-payment. Gave me a $10,000 mortgage at 14.5% interest. I had a close friend at the time that had a VA mortgage at 12%. I remember being quite envious. I worked two real jobs plus repaired tractors at night. Also had four kids and no welfare or food stamps. Paid if off in 6 years and swore I'd never borrow money again. So far - I kept that promise to myself. I redid everything in the house myself and later sold it for $140K (25 years later).
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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