Posted in Politics

Newsweek spotlights Pensacola couple

   March 26, 2008

From Newsweek.com:

The Acevedos’ story begins in 2005 when Angie, a systems specialist, and her husband Raul, a Navy chief petty officer, purchased a home in Pensacola, Fla. The couple was careful to find a home they were convinced they could afford. They offered $205,000 on the property and went online to find a 30-year fixed-rate mortgage, putting no money down. In the weeks before closing, everything went smoothly. Their mortgage broker had offered them a fixed-rate loan at 8 percent, with a “piggyback” loan at 11 percent to make up for their lack of down payment.

Read more……Wouldn’t it be great if there was an article about our new community maritime park, fantastic downtown library or innovative governments? Not this time.

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