ST Alpha - "Yeah, I caught that too. Just because the line item value of your house is less doesn't mean your payments increased. -- nm" (Reading a Post)

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In response to "this really gets to me." by amanda at work

Yeah, I caught that too. Just because the line item value of your house is less doesn't mean your payments increased. -- nm

Posted by Mop (220 lbs) (aka rburriel) Aug 30 '10, 10:48

(No message)

Responses:

could it trigger the bank to call in the loan, based on the declining value of the collateral? -- nm - znufrii Aug 30, 11:04 2
- No, but she may have to pay PMI now. -- nm - ceregon Aug 30, 11:23
- also, obviously affects her abaility to refi on more favorable terms. -- nm - znufrii Aug 30, 11:10

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