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jIMOh · 12-09-2008, 12:37 PM

When will the government learn

low rates got us into this situation, maybe higher rates will get us out?

If one owes more than 100% of mortgage because of this, can they get those rates mentioned above? I have a 30 yr fixed at 5.75% with 28 years left... but the 280k price tag which is going to be refinanced is about 20k more than house will be appraised for.

12-09-2008, 12:37 PM	#28
jIMOh Thinks s/he gets paid by the post Join Date: Apr 2007 Location: Milford, OH Posts: 1,341	When will the government learn low rates got us into this situation, maybe higher rates will get us out? If one owes more than 100% of mortgage because of this, can they get those rates mentioned above? I have a 30 yr fixed at 5.75% with 28 years left... but the 280k price tag which is going to be refinanced is about 20k more than house will be appraised for. __________________ Light travels faster than sound. That is why some people appear bright until you hear them speak. One person's stupidity is another person's job security.