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Thread: Refi

  1. 09-19-2011, 01:03 PM #1
    Kit Papermouth's Avatar
    Kit Papermouth
    Kit Papermouth is offline Crappie.com 3K Star General
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    Default Refi


    Went in to get a refinancing on the home and found I've only lost $34,000 of appraised value in six years. Combine that with the PMI and the fact the banks take their interest out in declining balance I figure the Federal Government Created Housing Bubble continues to expand my posterior orifice.

    Guess I'm one of the lucky ones though. At least my house is still worth more than I owe.
    Guess I'll have to adjust my asset to debt ratio from Decent to Crappy.

    Doh Where's the Tylenol?

    G.
    Standing in the Gap
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  2. 09-19-2011, 01:20 PM #2
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    Little Skeeter
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    Yeap over developing, and over pricing of homes lead straight to this whole issue. Sorry for your loss!
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  3. 09-22-2011, 10:33 AM #3
    Kit Papermouth's Avatar
    Kit Papermouth
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    Things are looking up.
    Found out since I was 20% LTV before 2009 on my first mortgage, there is a loop hole that will allow me to get the better rate without the PMI. Hopefully things will be smooth sailing from here on out.

    G.
    Standing in the Gap
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  4. 09-22-2011, 11:48 AM #4
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    DMW1960
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    Cool!
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