- Joined
- Jun 1, 2011
- Messages
- 142
The house has a 330K mortgage with a value of 600K and they won't do a thing.
Wow! If this refi or Heloc with huge equity is being denied, how about the 3-job millenials trying to save for down payment money to afford a roof over their heads? They will forever be basement dwellers at parents house or long term tenants! Poor guys.
This new rule really favors only the rich people never mind the low level sector. As the saying goes: Rich are getting richer while poor are getting poorer.
What a life!