short: The "Short Refinance" - A Real Live Example - 11/30/08 09:25 PM
Picture this scenario - client purchased a home nearly two years ago with 100% financing and a 2/28 adjustable rate mortgage, expecting to refinance into a fixed rate before the first adjustment period. Fast forward a year and some change, and the market TANKS, so now he's upside down by $70K (8 comments)
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