Quote:
Originally Posted by Danzig
i seriously doubt that when talking of underwater homes, million dollar properties on golf courses are what is in the mind of the president.
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In order to save an average of $300/month, which is what the President used as an average what size of mortgage are we talking?
To refinance from 6.5% down to the current 3.87% you would need to be in the 200K range for 30yrs. From 5% to 3.87% in the 500K range. Not value mind you just amount of loan.