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MGIC Investment Corp. Message Board

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  • xzep2000 xzep2000 Jan 12, 2009 9:09 PM Flag

    A little help in understanding re-fi's?

    A problem and a potential good......The value of the homes that are being refi'ed have gone down.....To cover the present mortgage, most refi loans will be within that +80% zone. Many will not refi because of that, those that have to, will have to PMI.

    Just as a side bar, I have been in here since Dec 2007, and accumulating all of 2008. Not looking so right, right now, but I feel strong long term. Bring it on shorty!

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