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Posts Tagged ‘Decline’

 

Is it possible to refinance the interest only home to a 30 fix with the decline home vaue?

Tuesday, June 16th, 2009
Refin asked:


we have a home of interest and only want to 5YR refined 30 years of settlement. Our value of the house has fallen in value over 80K.

Tamara

 

How does a loan indexed against a basket of currencies work?

Thursday, March 19th, 2009
Paul McBride asked:


A couple of year s ago. I took out an auto loan and the lender in the country I am living in indexed the loadn against a basket of currencies. Everything seemed to be going fine until recently when the currency of the country I am living in started to depreciate against other currencies. I notice that my new principal took a hit in the upward direct by approximately the same percentage as the decline in the local currency so I now owe more than I did a year ago. If my currency here recovers to previous levels will the principal also go down?

Cody
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