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Message: <blockquote data-quote="okiemaggie" data-source="post: 2020550" data-attributes="member: 1002"><p>My BFF will lose the home she has paid on for 15 years (half the original note) because she got talked into taking the inflated equity out of the home in 2007. The new loan had a "low introductory rate" that is now expiring. She will begin to default next year because there is no way she can make two mortgage payments every month. Her home is still worth what she PAID for it, but it isn't worth half of what she OWES on it. And that money was long ago spent on this and that. Please do not make this mistake. It's so easy to look at the future with those rose-colored glasses and imagine only the best.</p></blockquote><p></p>