Comments on: Debt reduction when you’re upside down http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/ Helping readers to use bargains wisely since 2005 Sun, 12 Feb 2012 16:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mbhunter http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/comment-page-1/#comment-6434 mbhunter Fri, 11 Aug 2006 05:04:30 +0000 http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/#comment-6434 That's crazy go-griz! Good time to have a lot of cash to buy foreclosures :) That’s crazy go-griz! Good time to have a lot of cash to buy foreclosures :)

]]> By: go-griz http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/comment-page-1/#comment-6426 go-griz Fri, 11 Aug 2006 02:16:25 +0000 http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/#comment-6426 FRIGHTENING! I see it first hand as a Mortgage Lender. We are seeing Fanny and Freddie approving loans at 56+% Debt to Income Ratio with 100% Loan to Value. The borrowers are insistant that the NEED this house, this loan. No concideration what so ever is given to paying down revolving debt, like it doesn't matter. Yet, they haggle for a .125 basis point, and pay 28% on their credit cards... hmmm. It has to come crashing down soon! FRIGHTENING! I see it first hand as a Mortgage Lender. We are seeing Fanny and Freddie approving loans at 56+% Debt to Income Ratio with 100% Loan to Value. The borrowers are insistant that the NEED this house, this loan. No concideration what so ever is given to paying down revolving debt, like it doesn’t matter. Yet, they haggle for a .125 basis point, and pay 28% on their credit cards… hmmm. It has to come crashing down soon!

]]> By: Consumerism Commentary: A Blog About Personal Finance http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/comment-page-1/#comment-1372 Consumerism Commentary: A Blog About Personal Finance Mon, 24 Apr 2006 06:59:40 +0000 http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/#comment-1372 <strong>Carnival of Debt Reduction #32...</strong> Welcome to the Carnival of Debt Reduction #32! In this Carnival, we highlight entries pertaining to getting out of debt, a lofty goal attempted only by some. When getting out of debt becomes a priority, everybody benefits, well, except shareholders o... Carnival of Debt Reduction #32…

Welcome to the Carnival of Debt Reduction #32! In this Carnival, we highlight entries pertaining to getting out of debt, a lofty goal attempted only by some. When getting out of debt becomes a priority, everybody benefits, well, except shareholders o…

]]> By: mbhunter http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/comment-page-1/#comment-1369 mbhunter Mon, 24 Apr 2006 01:47:36 +0000 http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/#comment-1369 Thanks for the comment Trainwreck! It may be the time frame, or it may be that people don't think their home's value can go down. Thanks for the comment Trainwreck!

It may be the time frame, or it may be that people don’t think their home’s value can go down.

]]> By: Trainwreck http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/comment-page-1/#comment-1366 Trainwreck Sun, 23 Apr 2006 19:35:27 +0000 http://www.mightybargainhunter.com/2006/04/22/debt-reduction-when-youre-upside-down/#comment-1366 It amazes me how so many people get upset about being upside down on their vehicle, yet they don't worry as much about the house. I guess it's the time frame? It amazes me how so many people get upset about being upside down on their vehicle, yet they don’t worry as much about the house. I guess it’s the time frame?

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