Wednesday, April 1, 2009

You Have to be kidding???

Believe it or not some Mortgage lenders are telling their clients NOT to pay their mortgages for 3 monthes. Even if they have never missed a mortgage payment but their credit score is below 700 and they don't qualify as a result for the new lower refi rates. If they don't pay their mortgage then they slide to the " in danger " status and can now qualify with no penalty for public payola at a much much lower rate. And these lenders are in fact on the already paid out bail out list.

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