about 11 years ago, when there was a property boom, we decided to obtain a 2nd mortgage nothing really excessive $25,000.We made one of the biggest mistakes in our 40 year marriage by going to one main.
It is now years later, we are locked into a 2nd mortgage with 12% interest and have to date paid, in interest, $42,000. Our balance is now still $25,000. This is the cost of a car now days. Which would be paid in 6 years.
I have 12 more years. Since our house was used as Collateral we are locked with no way to get out.
For all you younger people turn and run away from finance companies.This one was one of the worst ones we could have used.
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