MitsuStyle - View Single Post - Re-financing Home Mortgage

**Halon** · 10-05-2010

So from what I understand, the people who have an easy time reconfiguring their home loans with the bank are:

1) Those that were not the most affected by the housing market crash as they are still ahead on their loans (have equity)

2) Those that are not managing to pay on-time everytime (not 'performing' as you put it).

But, if you have been affected a bit by the housing market crash / economy and as such are in a situation where you owe more than your house is worth, and have still managed to pay your payments on-time everytime (performing) then forget about it?

sucks, guess I'll just stay where I'm at if that ends up being the case.

Gotcha, thanks

10-05-2010	#9
Halon Pewp Champion Join Date: Nov 2003 Location: Blaine Drives: Teh Bean Posts: 12,309	Re: Re-financing Home Mortgage So from what I understand, the people who have an easy time reconfiguring their home loans with the bank are: 1) Those that were not the most affected by the housing market crash as they are still ahead on their loans (have equity) 2) Those that are not managing to pay on-time everytime (not 'performing' as you put it). But, if you have been affected a bit by the housing market crash / economy and as such are in a situation where you owe more than your house is worth, and have still managed to pay your payments on-time everytime (performing) then forget about it? sucks, guess I'll just stay where I'm at if that ends up being the case. Gotcha, thanks __________________ B-Man - FlexFuel Mafia 1991 TSi AWD E85 - BEP S362, DSMLink V2, Built 2.0L Idle Vid 628hp Graph 541hp Vid 10.93@137 Vid 1992 SC300 E85 - BW 84-75, Vlad Infinity, NA-T, 6spd Idle Vid 709hp Graph 709hp Vid 11.1@131 Vid 2006 Bayliner 195 - Carbed 5.0 Top Speed Test Last edited by Halon; 10-05-2010 at 08:01 PM..