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bwana12

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bwana12

Re: Enterprising Investor post# 118

Thursday, 03/01/2012 9:14:55 PM

Thursday, March 01, 2012 9:14:55 PM

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So the homeowner is coming to the bank to ask for a discount on a loan that does not cost him anything. Why?

Most likely because he wants to get his equity out and move into a new home, already has a sale planned, and is trying to make the extra buck. Can't blame him for trying.

If the bank says no, do you think he will decide to stay put? And suffer along with the bank?
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