Quote:
Originally Posted by Rick Lee
She probably got a 100% loan when the house was at its peak value in 2005. Now she's way upside down on it.
|
Nope - the clip states that "after multiple refinancings, she owes $145k on the house." IE: She used the house as collateral multiple times. With with a variable rate mortgage, it would be impossible to swell a $45k loan to $145k. Betcha she's got a Lexus in the driveway...
-Z