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Old 09-16-2008, 05:25 AM   #17 (permalink)
Cynthetiq
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Location: Manhattan, NY
wierd. had a WaMu loan for close to 10 years and didn't experience that ever. Only recently changed because they wanted too many points to get a competitive rate AND wanted a 25% downpayment because of the down market I was buying in. I believe they were trying to get ME to keep the collateral at a 20% loan to value ratio even as the market continues to slide.
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