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To: Spekulatius who wrote (44931)	10/12/2011 7:26:16 PM
From: Madharry	Respond to of 78644

that may be true but if they are protected by lirst lein position not to mention that in my state they can go after me directly. Somehow they think that having an unsecured loan is better than having a credit line. now if they were looking at overall debt/worth i could understand but they dont do that. they would prefer me not to have any stock holding and no equitly line to substantial stock holding and an equity line. I was in banking and resent todays cookie cutter approach. I dont see how banks can be successful until they start treating customer like people with credit histories as opposed to looking at 2 or 3 numbers and using that to determine all their criteria. they sent me a lock letter with a specified rate of interest, then they sent me a different lock letter after the appraisal came back . when i told them i wouldnt bite , they said they would renegoitiate after i got approved. I got approved but they dont want to abide by the terms of the original lock letter. I figure in two years i will probably reduce the mortgage loan to a more managable level and then will either refinance or sell it depending on where my son goes to college.