Quote:
Originally Posted by Rochard
We are planning on staying here. I was going to mention this later but since you asked...
I bought my house for like $580k in 2006. It was built in 2003 but was a model home. According to Zillow, it's 3k sq feet, five bedrooms, and worth $276k (which is up compared to six months ago).
We entered into a "home retention program", which took us fourteen months of paperwork and phone calls. However, they reduced the principle on the house by half AND dropped our interest rate to 1%. You can't beat that.
|
Was that government funded? If it is, where do I sign up? I mean I wasn't stupid enough to buy on top of the bubble, buy a house for double what its real worth was, but I would like a free house, where do I sign up?
No offense to you.... but my head is about to explode if that was government funded. How much did it save you by cutting the principle in half and drop your rate 1%?