re: Wells Fargo was my original lender

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re: Wells Fargo was my original lender

TB — 12/7/2007 3:19:42 AM (archived)

I probably get five offers to refinance a month. I've got a primary fixed. My equity line of credit is adjustable (rate is actually going down right now), but no way did I finance out to anywhere near the limit of my equity. My house value could drop in half and I would still break even.

The whole thread (39 posts)

Bush "fixes" mortgage problem - TB - 12/6/2007 12:32:15 AM
- I see it as politics as usual - Eri - 12/7/2007 1:36:53 AM
  - re: I see it as politics as usual - Lindy - 12/7/2007 2:03:54 AM
    - Oh my. - Eri - 12/7/2007 3:46:43 AM
      - re: Oh my. - Lindy - 12/7/2007 5:36:16 AM
        
        Lindy, I agree that it is predatory - TAFKASE - 12/7/2007 3:49:41 PM
        
        re: Lindy, I agree that it is predatory - Lindy - 12/7/2007 3:59:46 PM
        
        Good for you... - TAKFASE - 12/7/2007 4:11:17 PM
- Bush "fix" another illusion - Publius - 12/6/2007 11:20:01 PM
  - Hey Publius - still kicking! Good to see you. (n/t) - Laurie Street - 12/7/2007 5:34:19 PM
- nah... - TAFKASE - 12/6/2007 5:51:17 PM
  - Yeah - Robert - 12/6/2007 11:26:39 PM
    - the only sad part is... - TAFKASE - 12/7/2007 3:28:37 PM
      - Careful - Robert - 12/7/2007 5:10:14 PM
    - Part of the problem... - TB - 12/7/2007 12:32:20 AM
      - Yep - Robert - 12/7/2007 5:01:43 AM
      - Wells Fargo was my original lender - Eri - 12/7/2007 1:40:51 AM
        
        re: Wells Fargo was my original lender - TB - 12/7/2007 3:19:42 AM
        
        Every time you refinance, the salesman makes a commission. - TAFKASE - 12/7/2007 3:41:09 PM
        
        re: Every time you refinance, the salesman makes a commission. - REB - 12/7/2007 6:48:51 PM
        
        short answer: yes! (n/t) - Eri - 12/8/2007 5:21:06 AM
        
        No. In the long run, you will still be much better off. - TAFKASE - 12/7/2007 11:05:04 PM
        
        Same with me - Eri - 12/7/2007 3:48:57 AM
  - Bush did mention years ago... - Lindy - 12/6/2007 11:15:52 PM
  - Opps... It was redlining...Remember banks being told to take on more risky debtors in Redlined areas? (n/t) - TAFKASE - 12/6/2007 5:55:50 PM
    - The subprime market (new villan) was created to stop redlining (old villan) - TAFKASE - 12/6/2007 6:03:28 PM
- ...and here. - Jody - 12/6/2007 12:22:38 PM
- re: Bush "fixes" mortgage problem - azstrummer - 12/6/2007 3:20:39 AM
  - re: Bush "fixes" mortgage problem - TB - 12/6/2007 6:13:40 AM
    - While I agree, a lot of that stupidity has fuelled the country's growth over last 6 years. - Tony - 12/6/2007 3:49:12 PM
      - Don't panic - TB - 12/6/2007 5:42:38 PM
        
        It's not just subprime - Tony - 12/7/2007 3:38:22 PM
        
        BTW, you do know mortgage rates are going down across the board, right? - TB - 12/7/2007 9:44:47 PM
        
        Kinda irrelevant - Tony - 12/7/2007 10:02:01 PM
        
        Don't panic. - TB - 12/7/2007 9:33:43 PM
        
        it isn't these loans that will slow the economy... - TAFKASE - 12/7/2007 11:08:47 PM
        
        100 billion here, 200 billion there, pretty soon we're talking real money..... (n/t) - Tony - 12/7/2007 9:38:40 PM
  - Follow-up on "Flame". (n/t) - Bowser - 12/6/2007 4:22:57 AM
- I'm sure we haven't heard it all yet. Maybe won't. - Bowser - 12/6/2007 3:20:20 AM

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