# Subprime Mortgage for Retards

**URL:** https://forums.speedlife.net/t/subprime-mortgage-for-retards/195765
**Category:** PittSpeed Off Topic
**Created:** [February 27, 2008, 6:39am UTC](https://forums.speedlife.net/t/subprime-mortgage-for-retards/195765 "2008-02-27T06:39:23Z")
**Posts on this page:** 1
**Showing post:** 11

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### Author: ![JackdUp](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jackdup/32/6015_2.png) [@JackdUp](https://forums.speedlife.net/u/JackdUp)
#### Post date: [February 28, 2008, 7:33pm UTC](https://forums.speedlife.net/t/subprime-mortgage-for-retards/195765/11 "2008-02-28T19:33:10Z")

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> [@iPod touch... no email wtf](https://forums.speedlife.net/t/ipod-touch-no-email-wtf/35170/12):
>
> We will likely refinance in a year or so if the rate will be much lower. We had major issues with our broker when we we’re supposed to close, so we got a much higher rate than we had expected.

Almost sounds like you got a shell game from a shady mortgage broker. I hope that didn’t happen, I hate when I hear that happening. Either way, I hope the best for you two. Get that rate down if you can, it will only help long term.

> [@Roomate needed - $300/month](https://forums.speedlife.net/t/roomate-needed-300-month/35177/8):
>
> Yeah, our market wasn’t inflated, but the appraisers are still being more conservative so they don’t get busted on any lawsuits, plus the banks are feeling the same pressure to be risk averse.

Pittsburgh is the most stable housing market in the nation at a constant appreciation between 3-5%.

You’re talking about a 20%+ (including inflation + appreciation) swing in valuation? That’s some ass covering!

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