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[quote=Anonymous][quote=Anonymous][quote=Anonymous]They are probably members at Columbia CC too. Private school, 800,000 mortgage, expensive renovation etc. It all adds up. Lots of “wealthy” people live paycheck to paycheck here. Their mortgage is insane at their income level. Especially since he should have been able buy before prices rose sky high. [b]I’m guessing the home is like an [b]atm[/b].[/quote] This. Said he has refinanced twice. You know that means he probably took cash out. [/quote] The interest rates dropped quite a bit between 2000 and present. Tons of people refinanced then, He probably took advantage as he should. That probably reset the term of the loan so he was back to paying a lot of the initial interest.[/quote]
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