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The Water Cooler
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Oh crap!!! Here we go again!!
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<blockquote data-quote="CHenry" data-source="post: 2641351" data-attributes="member: 6281"><p>The banks were not only accused of writing bad loans, they admitted to doing to. They were told to (by whom?).</p><p>I refied and took the low interest only loans for a 5 year term and took advantage as to pay off about $40k of the principle and then at the 4 year mark I refied again back to a fixed rate conventional loan. I was one of few that did this to my advantage. My house will be paid off before I turn 47 if nothing bad comes along.</p></blockquote><p></p>
[QUOTE="CHenry, post: 2641351, member: 6281"] The banks were not only accused of writing bad loans, they admitted to doing to. They were told to (by whom?). I refied and took the low interest only loans for a 5 year term and took advantage as to pay off about $40k of the principle and then at the 4 year mark I refied again back to a fixed rate conventional loan. I was one of few that did this to my advantage. My house will be paid off before I turn 47 if nothing bad comes along. [/QUOTE]
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