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User Info And So It Begins - The NEXT Implosion; entered at 2008-08-06 11:17:28
Genesis
Posts: 130798
Registered: 2007-06-26
If you make minimum payments (and more than half of all borrowers with them do) you hit mandatory recast-via-LTV-cap just under 3 years with a 115-120% cap.

125% gets you just over 3 years.

Either way, we're just about to where it starts to get nasty.
2008-08-06 11:17:28