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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (54317)2/20/2006 4:34:37 PM
From: Broken_Clock   of 110194
 
6% fixed rate 30 yr term
at 5 yrs there is 93.1% of principal remaining
For a 10% loan it is 96.6%

For a 0 down adjustable it is gonna get hairy...and quickly, when the house won't even appraisal for the refi.
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