“Before this mod, my interest rate was 6.25 and my payment including escrow was $1,208. I asked them to bring my payment back down to $1,088 which was what it was when I first bought the house. My interest rate is now 4.8 (FIXED) and payment is $1,087, including escrow. But they have extended the loan to a 30 year note.”
All that stress for 120 a month savings. And here we have people with $600-1000/month utility bills. Guess it depends where you live. In SD you can get 120/month for walking a dog, but in parts of this country you have to shovel all the snow from a college campus to get $120.
BTW, the best line from Malice (which nearly got me booted from the WSJ for comment on harassment lawsuit) has gotta be this:
“I have an M.D. from Harvard, I am board certified in cardio-thoracic medicine and trauma surgery, I have been awarded citations from seven different medical boards in New England, and I am never, ever sick at sea. So I ask you; when someone goes into that chapel and they fall on their knees and they pray to God that their wife doesn’t miscarry or that their daughter doesn’t bleed to death or that their mother doesn’t suffer acute neural trama from postoperative shock, who do you think they’re praying to? Now, go ahead and read your Bible, _Dennis_, and you go to your church, and, with any luck, you might win the annual raffle, but if you’re looking for God, he was in operating room number two on November 17, and he doesn’t like to be second guessed. You ask me if I have a God complex. Let me tell you something: I am God.”
