Here we go again?

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Here we go again?
Posted by Yoli/CA of CA on 3/16/18 11:35am	Msg #591220

Docs for signing next week:

30 year loan, interest only (4.075% with cap at 9.075%), 5/1 ARM. Borrowers are refinancing their primary residence, which they own free and clear, and taking almost $450,000 cashout.

Memories of pre-collision course 2007/2008 ....... What's next, Pick-A-Payment, Negative Amortization???

Messages in this Thread
	Here we go again? - Yoli/CA on 3/16/18 11:35am
	Re: Here we go again? - janCA on 3/16/18 12:01pm
	Think they'll take the money & run away? n/m - Lee/AR on 3/16/18 12:29pm
	YUP... Here we go again? - Signerbill on 3/16/18 12:40pm
	Oh brother. Yep, here we go again! n/m - grapebed on 3/16/18 1:41pm
	Re: Here we go again? - Philip Johnson on 3/16/18 2:04pm
	Me too...$185k Heloc... - FeliseSoCal on 3/16/18 4:05pm
	Not our business, but maybe cashing out on CA property to - MW/VA on 3/16/18 6:47pm
	I think you nailed it. - JanetK_CA on 3/16/18 8:16pm
	Yep...coming here from CA, OR, TX, FL, OH n/m - Lee/AR on 3/16/18 8:29pm
	Re: Not our business, but maybe cashing out on CA property to - Cheryl Elliott on 3/17/18 11:43am
	Not bad loan if they are not planning on staying in the home - ananotary on 3/17/18 12:42pm

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