Quote:
Originally Posted by milt
I guess it's a matter of use it or lose it.  |
I don't think so. I had one with Wamu for a few years on this house, then cancelled it and then got this one as my equity and house value went up just a year ago. I didn't have a need for it, but it was a lower rate for more loan. So I don't think I had this newer loan long enough for it to be an issue.
The letter they included for the lower loan amount stated it was due to my home value declining. That's BS, 80% of my current value is still significantly more than my principle and the signature loan amount.