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Don't you think you are asking for trouble? If you have to go with a subprime loan, you really can't afford what you think you want or need. There's nothing wrong with the old fashioned financing of yesterday... down payment, fixed rate, and using your head in what you can afford. Don't set yourself up to be a future foreclosure. Until a home is paid off, it's a liability. Think of the costs involved beyond the mortgage... interest rate, property taxes, PMI insurance, maintenance, etc. Can you really (honestly) afford what you are asking for???
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