Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (6039)	7/19/2001 2:06:57 PM
From: carranza2	Read Replies (1) of 74559

At some point though, interest rates notwithstanding, the debt service ratio could erode disposable income to nil. One cannot refinance forever. Home equity lenders won't allow it. If excessive debt is shown, raising doubts abut the ability to pay, the loan won't be approved. I know people refinancing to maintain their standard of living. After paying 10 years on the mortgage they add back another 5 or whatever via refinancing. You've got to be kidding. I don't think any of my friends are that frivolous. On the other hand, we don't discuss personal finances to any great extent.

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