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RubberStamp

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Reply with quote  #1 
Have you guys seen these ads lately?  I'm starting to hear lots of companies unabashedly advertising for you to use your house as your bank - those words exactly - and then they go on about all the depreciating assets you can use it for.  Trips, cars, etc...

Looks like 10 years is the proper time to when all sins are forgiven..  Enough time to build enough new comers in the housing market to begin to exploit them again. 

This time will it be the AVM's fault?  haha.

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We argue this: Meanwhile the agent's assistant just did 5 unofficial appraisal inspections they paired with a Zestimate and granted 90% LTV - all guaranteed no buy back.
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MEP

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Reply with quote  #2 
Yes, after watching a VA ad, I just told my wife about a man that has made good money for many years, that is about to refinance his home to pay for an expensive wedding that has a 50/50 chance of survival. Where is the logic...yes, we are back into the early 2000's where homes were refinanced every 24 to 30 months. I have had a couple of 2nd mortgages but I have never refinance my home...have paid for two.
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M. E.

"Don't call him a cowboy until you see him ride'
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Bobby

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Reply with quote  #3 
Quote:
Originally Posted by MEP
Yes, after watching a VA ad, I just told my wife about a man that has made good money for many years, that is about to refinance his home to pay for an expensive wedding that has a 50/50 chance of survival. Where is the logic...yes, we are back into the early 2000's where homes were refinanced every 24 to 30 months. I have had a couple of 2nd mortgages but I have never refinance my home...have paid for two.


Hell yeah!  Let's do this...

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Meatloaf

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Reply with quote  #4 
Lets Roll!!!!



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