Quote:
Originally Posted by Z-man
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
|
On second thought, she might have just had an option ARM and only ever paid the minimum, building up a ton of negative equity.