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To: JesseWatters
They apparently have a 30-year mortgage on their Chicago house with a fixed rate of 5.625%

They should at least refinance.

Wouldn't it be funny if the bank had to foreclose?
10 posted on 04/24/2012 9:43:54 AM PDT by rightwingintelligentsia (Be careful of believing something just because you want it to be true.)
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To: rightwingintelligentsia

The pricing of jumbo mortgages is higher than conventional


12 posted on 04/24/2012 9:47:40 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: rightwingintelligentsia

To refinance the bank would ask for ID.

Who on earth would not refi a $850k at 5.625%?


16 posted on 04/24/2012 11:03:52 AM PDT by RC51
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