Can i get a reduction in my mortgage interest rate, if my monthly payments is more than 31% of my income?
I heard this the other day on the suze orman show that, if your mortgage, insurance and property tax, is more than 31% of your income you can ask your bank for a reduction in your interest rate. Is this true, and if so what's the catch?
you can ask for it, but it doesn't mean you will get it ... your bank will run your credit and determined your risk level and see if you qualify for a lower rate ... there may be some negotiating involved ... do not get an interest only payment, though
Suze Orman Approves Mortgage Accelerators To Pay Off Mortgage. Suze Orman says that people who advise against paying off a mortgage early are wrong. In an NBC interview with Ann Curry Suze Orman
It was a chance meeting with financial guru Suze Orman seven years ago that changed Deontae Murphy's life. In October 2003, his mother, ...
Wow. On @ Suze Orman recommends those in underwater mortgages walk away from their homes if bank won't negotiate a short sale.
Suzi Orman interview about under water mortgages...... 
@, what do you think about Suze Orman encouraging strategic defaults on mortgages as seen on ABC's World News Tonight?
suze orman ;P Suze Orman gives advice on Adjustable Rate Mortgages
Suze Orman gives advice on Adjustable Rate Mortgages suze orman :)