Loans, Debt & Credit - View Single Post - Reduction of Principal might soon be happening.

Witts_end · 02-03-2009, 12:07 AM

I agree.. It seems, that there is enough people who are trying to save their homes, that they would be willing to pay higher than current market value.. So if they could just come to some happy medium.. Example.. My loan is for 589k, my house is worth 312k.. I would take a 420-450k loan at current rates to stay.. They can require full payment back should I sell the house within 5 years.. I just think they could make more money if they would work with people instead of nickel and diming them to death..

02-03-2009, 12:07 AM	#3 (permalink)
Witts_end Member Join Date: Jan 2009 Posts: 15 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Reduction of Principal might soon be happening. I agree.. It seems, that there is enough people who are trying to save their homes, that they would be willing to pay higher than current market value.. So if they could just come to some happy medium.. Example.. My loan is for 589k, my house is worth 312k.. I would take a 420-450k loan at current rates to stay.. They can require full payment back should I sell the house within 5 years.. I just think they could make more money if they would work with people instead of nickel and diming them to death..