Mortgage Forum
Predatory lending
This is a topic titled Predatory lending made in the Mortgage Talk section, belongs to our Mortgage Chat category; I started with a an arm at 8.5 that was do to go up and a lot of credit card debt. My friendly neiborhood bank WF assured me the ...
| |||||||
| Members List | Search | Today's Posts | Mark Read |
September 12th, 2008, 11:25 AM
| #1 |
| Senior Member Registered: Apr 2008
Posts: 1,497
|  Predatory lending I started with a an arm at 8.5 that was do to go up and a lot of credit card debt. My friendly neiborhood bank WF assured me the rate could only adjust up to about 14.5%. My credit was marginal so they insisted I refi the house and about 30k in credit card debt. Now the mortgage of the house is 160k and the value is 140k. The interest rate is 14.5. Is there any good way out of this besides walking. |
|  |
 |
| Tools | |
| Display Modes | |
Linear Mode
| |
| ||||
| Topic | Started By | Category | Replies | Last Post |
| Predatory lending... Need help FAST | Joel Fraser | Home Mortgage | 0 | July 9th, 2008 06:34 PM |
| Fraud - Predatory Lending? | Mike | Mortgage Legal | 0 | June 6th, 2008 10:40 AM |
| Predatory Lending Laws | gtull1 | Mortgage Legal | 0 | May 31st, 2008 09:19 PM |
| Predatory Lending, What to Look For | Mike | Mortgage Legal | 0 | April 15th, 2008 03:48 AM |
| predatory lending/foreclosure | Mike | Home Mortgage | 0 | April 15th, 2008 03:42 AM |
Board time is 12:53 AM Which is GMT -7
