AFTER RECEIVING HOME RETENTION TERMS IN MAIL @ 4.85%
WITH STEP INCREASES EACH YEAR TO MAX @ 8% IN 20 YEARS
WITH MY PRINCIPAL LOAN AMOUNT AT $430,000.00
AND CURRENT ASSORS HOUSE VALUE AT $250,000.00
I QUESTION THE REPOSSIABLE LEDING PRACTICES OF SUCH A LOAN OFFER. IN LAYMANS TERMS DOES THIS MEAN THAT IF A WANT TO PERCHASE A $20,000 CAR I CAN GET FIANCING
FOR $40,000 OR BETTER YEY IF I WANT TO PURCHASE
A HOME FOR $250,000 C.W. WILL PROVIDE FIANANCING
FOR $400,000. IS THIS NOT THE EXACT TYPE OF UNSECCUED LOAN FIANCING THAT GOT THE NATION IN THIS MESS IN THE FIRST PLACE HEDGING I LOAN ON THE HOPE ONES PROPERTY VALUE MAY INCREASE. I HAVE BRIDE LOANS TO NOWWHERE BEFORE AND COULD NOT REFI WHY WOULD I BE STUPID
ENOUGH TO DO IT AGAIN GIVING THE STATE OF THE ECONOMY