Loan Modification Forum - LoanSafe.org - View Single Post - Final Housing Bill Passes House, Bush to Sign into Law

IML82 · 07-24-2008, 06:32 PM

What kind of rates are we talking?? 9.8% is killing me and I do not want to end up in another loan like this. Will they do 15 years instead of 30?? I ask because before we refinanced we had a 15 and there wasn't much difference in payments between a 15 year and a 30 year. Just curious...this would be good for us, except for the 50% part pay back when everything thing bounces back. It actually may cost us more in the long run that way but it would allow us to keep our house. (Our house we only owe $150,000.00 and the current value is probably around $130,000.00)

07-24-2008, 06:32 PM	#19 (permalink)
IML82 Member Join Date: Jun 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Final Housing Bill Passes House, Bush to Sign into Law What kind of rates are we talking?? 9.8% is killing me and I do not want to end up in another loan like this. Will they do 15 years instead of 30?? I ask because before we refinanced we had a 15 and there wasn't much difference in payments between a 15 year and a 30 year. Just curious...this would be good for us, except for the 50% part pay back when everything thing bounces back. It actually may cost us more in the long run that way but it would allow us to keep our house. (Our house we only owe $150,000.00 and the current value is probably around $130,000.00)