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Homeowner wants to refinance, but bank suggests a short sale (MarketWatch) |
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Question: My first mortgage is an interest-only loan at 4.75% with a balance of $287,967, and a second mortgage with another lender. It is due to reset on March 31, 2009. I wanted to refi now before the loan adjusts, so I called the lender and submitted all the documents.
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Dow Jones
7552.29 
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