-
The Money Pit's A Little Deeper Than It Used To Be
-
Are you underwater with your mortgage? If you bought about six years ago, you might have already paid more in mortgage payments than your house is worth today. The problem is that those payments were mostly interest, so they all continue to owe about twice what the places are worth. So getting out of this isn't in the cards for most people. If you can afford those payments, consider yourself lucky. (Sacramento Bee)
Have an opinion? Add your comment below.