[quote=paramount]I just refinanced at 4.875% 30 year fixed Wells Fargo with a LTV of 103%.
New Payment: Just over $1100 PI.[/quote]
Paramount, I am so happy for you. This will enable you to “hang on” for 2-4 more years until the underwater inventory is washed away and you can get out clean. Smart move, and I’m glad you found a lender that understands the dynamics of what you’re up against. Meanwhile, you have a payment less than rent :=)
