Newsflash: If you think 7% interest rate is bad

Bought a house in Tijuana, Baja California about 30 miles away from Downtown San Diego.20 year loan at 9.1 interest rate. The cool part was the bank will finance 100% of the cost of the house including closing costs.Total financed ≈ $121,000Mortgage including insurance, taxes, and HOA ≈ $1250New build, 875 sq ft. 3 bedrooms, 1.5 baths.I know Mexico is not ideal, but I had to do something, and be close (enough) to my work.

Read more at https://www.reddit.com/r/RealEstate/comments/1cvakr0/if_you_think_7_interest_rate_is_bad/?utm_source=ifttt

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