Re: Buying a first home: Las Vegas
TC,
Did you have more than 20% equity? If you did and also had a decent credit score then this would make perfect sense. I bought my place in '03 when I was flat broke with no money down. I refinanced in 6 months and I got 3.5% on a 5 year arm and an equity line for the remainder. That was an example of banks lending money too freely.
Good2cu,
Just rent some sick condo on the strip. That would be more balla than buying a place anyway.
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