SDCELLAR
Washington Mutual has a program they are touting that includes all kind of new features including a fixed first and a equity line. I don’t know if wamu allows anyone to take a draw on the second for puchase or why anybody would want to do that. I think it is probably for refinancing and wamu’s stategy is to Coax better returns by getting “second” money beacuse they know people are going to spend it. Kind of like like a credit card company startegy? I am going to study the loan to see if it can be used effectively for any of my purposes. I think they are promoting it on their hompage.