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Originally Posted by SentToStud
How does this help the guy with no equity in a home he paid 500k for that is now worth 450k? Are you saying you are moving people off theirr adjustables into a $0 down package that is 50k above what the property will appraise for?
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No this is the problem with many of the current mortgages some companies choose to offer and this is why you are seeing the issues arise that are in the market today