Mortgage Forums Arrow Image Mortgage News Arrow Image

Walking away from the mortgage is a big step

Shared by Larry on Mon Apr 14, 2008 5:08 am

The nations two largest mortgage providing companies, Fannie Mae and Freddie Mac, are warning the delinquent homeowners to think twice before walking out of the debt. Because it would not just help them if they walk away from the mortgage.

Source: http://www.upi.com/NewsTrack/Business/2008/04/13/walking_away_from_mortgage_is_a_big_step/6645/
image
Community Members Opinion
Mini Profile  Niicss
Niicss
Joined: 03 Oct 2005


Posts: 4770
Location: New Jersey

499.28 Dollars($)

PostPosted: Mon May 05, 2008 7:09 am    Post subject:

Hello.

I too agree that if the borrower has the ability to afford the monthly mortgage payments then he should not walk away. If the current interest is higher they can simply refinance. So walking away should the last option for the borrower.

_________________
Good is the Enemy of Great.
image
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.052 seconds.