http://www.isaltino.net/board-underwater/ Surf Clothes, Surfboard Art and More... Fri, 18 May 2012 00:16:31 +0000 hourly 1 http://wordpress.org/?v=3.2 http://www.isaltino.net/board-underwater/comment-page-1/#comment-2872 NaturesDoctor Mon, 14 Nov 2011 19:06:26 +0000 http://www.isaltino.net/board-underwater/#comment-2872 The payment shock can come from one still being in an adjustable rate, if the Fed raises rates their rates go up, or if they lose their income, hence a payment shock. The author should have used a comma before he wrote, since they owe more than the house is worth. In past years after owning a house for 3 - 5 years with a appreciation rate of 3% a homeowner could sell their home and make a small profit or break even if they experienced a payment shock from increase in rates or loss of employment. Not so today, the homeowner would end up in foreclosure or bankruptcy. The payment shock can come from one still being in an adjustable rate, if the Fed raises rates their rates go up, or if they lose their income, hence a payment shock. The author should have used a comma before he wrote, since they owe more than the house is worth. In past years after owning a house for 3 – 5 years with a appreciation rate of 3% a homeowner could sell their home and make a small profit or break even if they experienced a payment shock from increase in rates or loss of employment. Not so today, the homeowner would end up in foreclosure or bankruptcy.

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