That all depends on the size and condition of the home, the area its located in, and what you can afford. The more expensive the house the more expensive your notes are going to be is the main thing you need to remember. With the way the economy is at the moment you should get a list of bank and government foreclosures....there are TONS of nice houses going for very cheap at the moment because of banks just trying to get their money back on them.
ic so if a person buys a for closer house then the person owns it right?
no more paying 150k for the house ??