Replies

To: grundle

Wasn’t the interest rate, when they received the original loan, locked in?

I don’t understand how this could occur.

6 posted on 10/02/2023 12:39:09 PM PDT by Signalman

To: Signalman

Well... number one, yahooz is ‘reporting’ this story. Two, the borrowers were likely not telling yahooz the rest of the story.

Paging Paul Harvey!

12 posted on 10/02/2023 12:52:04 PM PDT by Zuriel (Acts 2:38,39....Do you believe it?)

To: Signalman

Back of the napkin, it would take 28 years for $34K to grow to $500K at 10% interest.

14 posted on 10/02/2023 12:53:29 PM PDT by Jonny7797

To: Signalman

Must have defaulted a few times and loan resold.

50 posted on 10/02/2023 1:58:20 PM PDT by zek157

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