Amazing mail.
I got an envelope in the mail today. On the front was written:
"TAP YOUR EQUITY TODAY
BEFORE HOME VALUES DECLINE!"
Inside, there was an offer for a 40 year mortgage from Countrywide.
So they want me to be upside down on my mortgage, then pay so little principal that I will stay upside down for as long as possible.
Is it any wonder that they needed to be bailed out?
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ha, that is nothing... our mortgage company, who knows they are holding a fraudulent mortgage - since the mortgage broker is in prison. keeps sending us refi offers even thought if they really looked at our loan it is already about 140% loan to value.
I hate the fact that the Fed is proping up this shady companies, next they will want to bail out the payday loan companies.