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There ya go...some solid advice that is part of the root of the current problem, interest only loans. If you can't afford the payment now, just pay interest and hope things improve, if they don't...you're screwed!
The interest only is to qualify on only his wife's income and of course is only the minimum payment. If they buy a home for 500K with 200K down and they go upside down this country is in real trouble.
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