Originally Posted by lemans

Some mortgages come with NO DOWN payment and/or a small down payment! That is just ridicious! People get sucked by paying nothing upfront and they will pay for it in the end. I say pay as much as possible up front (at least 25% minimum). And let's not forget about the other types of loans... I see Americans buy Mercedes, BMW, luxury cars with loans. I'm sure that once rates go up, they will be in trouble.