To: Porterville
Why not just refinance another ARM again? Or just sell the house?
If you've been doing the interest-only payments and home values have declined there's nothing there to sell or refinance.
Actually the worst I've ever seen is a 80/20 100% LTV on a 3 million dollar home.
19 posted on
08/31/2006 5:50:14 PM PDT by
Shion
(Jaded Southern Californian)
To: Shion
100% LTV on 3 million?
Wow...
55 posted on
08/31/2006 6:59:32 PM PDT by
RockinRight
(She rocks my world, and I rock her world.)
To: Shion
If home values have declined since you bought your house,(nationally within the last 6 months) you still have 4-5 years on an ARM until the lump payment is due.
75 posted on
08/31/2006 7:17:59 PM PDT by
Porterville
(Hispanic Republican American Bush Supporter)
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