Quote:
Originally Posted by Bring_Back_Shantz
A courtesy letter, written in a professional, matter of fact tone, advising someone that the contract they signed, that included the risk that their payments might go up has now reached a point where that exact scenario is happening?
The horror!
The Bastards!
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Assuming that person got a Prime Minus 1 interest rate which is currently at 4.95%, and that they're making their payments monthly, that's a $775k mortgage balance. Let me grab my tiny violin.