Replies to post #7497 on Value Microcaps Motherboard

[jwalk]

<Sometimes mean people will crack an egg on your car's hood in the summer.>
I believe those "mean people" are called hoodlums.

(Oh that's horrible...I'm so sorry...)

[rjkraco]

OT/larrybaz
Aren't those "no down payment" mortgages a bit dangerous, especially if one wants/has to refinance? With no down payment and the way mortgages are so front-loaded with interest it takes a very long time to build up any kind of equity. If (if) I understand correctly, if housing prices start to decline and you needed to refinance or move, you might actually have "negative equity" in the home.

I have a couple of friends who did this 18 months ago and they have the option to refinance after the first 2 years of the mortgage to hopefully get a better rate, but they need the value of the home to stay the same or hopefully increase in that timeframe.

Again, not sure how some of these new-fangled mortgages work!