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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
Gap Spanner (59 posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:25 PM Original message |
Mortgage Rates Skyrocketing |
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flvegan (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:29 PM Response to Original message |
1. HELOC's and the like often have higher interest. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:31 PM Response to Original message |
2. My guess is that it's the debt consolidation that's killing him. |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:33 PM Response to Original message |
3. Do us a favor and post the name of this particular banking institution so we can look at their ratin |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:35 PM Response to Original message |
4. So don't do it. |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:37 PM Response to Original message |
5. Refinancing is not the same as a new mortgage |
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Lex (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 07:08 PM Response to Reply #5 |
9. Refinancing is a new mortgage with a new loan amount and new terms. |
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Godhumor (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 11:14 PM Response to Reply #9 |
10. Refinancing rates are different from a straight up new fixed rate mortgage |
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Hassin Bin Sober (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:43 PM Response to Original message |
6. The loan request you are describing would have been tough BEFORE the meltdown...... |
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trof (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 07:04 PM Response to Reply #6 |
8. You got it. n/t |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Tue Sep-30-08 06:45 PM Response to Original message |
7. When there is very little money to lend rates go up. Its not rocket science. |
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