The one rich couple on the block

[guest]

I'm not a Real Estate Fag so can somebody explain to me, under what circumstances would the government or whoever else, allow you to pay $400 LESS a month on a mortgage.

I seriously don't know. But, it only makes sense to me if the situation is: if someone is living in a shithole and the area is becoming shittier, the rates go down. But in the shitty areas, people will try to capitalise by buying up the cheap shit while trying to rent it out exorbitantly.

Then again, I don't trust what this idiot says.

interest rates are at an all time low right now so you can refinance it and save money.

basically you get a new mortgage at a lower rate and it replaces your old mortgage. It has nothing to do with what neighborhood you live in. You do need to have good enough credit to qualify though so that is where these 2 scumbags will run into trouble.

 

[IGotATreeOnMyHouse85]

interest rates are at an all time low right now so you can refinance it and save money.

basically you get a new mortgage at a lower rate and it replaces your old mortgage. It has nothing to do with what neighborhood you live in. You do need to have good enough credit to qualify though so that is where these 2 scumbags will run into trouble.

I wonder if that’s why Niki’s mom was visiting recently, they probably need a good amount down to re-finance since they’re two bums, especially Pat not being able to show any actual income. Probably why they’re cleaning up, they think if they make the shit hole look better it will help their chances.

 

[kingship75]

I would like to know what Pig thinks about stocks. Portfolio Pat is at the top of my wishlist.

Jim Kramer has the HIV, child.

 

[Uncle Anthony Cumia]

Yes, it's still assessed at $258K:

https://assessments.milwaukee.gov/SearchResults.asp?SearchParcel=3200801000

Reminder: He had to get his crappy wiring fixed after his tenant complained:

Accela Citizen Access

aca-prod.accela.com

Maybe when he tries to show he’s “one of the good ones, child” we should point out he basically got reported for being a slumlord.

 

[Raymond]

 

[IGotATreeOnMyHouse85]

It will always make me laugh that a fat man bought a house with bathrooms so small the toilet paper has to go on the door.

 

[Guyincognito]

Pat lives in a Ghetto in Milwaukee and currently pays $1200/mo mortgage. I live on 5 acres in a 4200 sq ft house with a 1200 sq ft garage and a 42,000 gallon in ground swimming pool in Louisiana and pay $1450. I’m also not in a crime infested shithole neighborhood and I don’t live within 1000 feet of a rental property.

Hey man, do you think the leather restrains and chains in the basement come cheap?

 

[guest]

I would like to know what Pig thinks about stocks. Portfolio Pat is at the top of my wishlist.

My guess is he'd make Joe "I trade options" Cumia look like Warren Buffet.

 

[PeteRose]

fat has the only house in america where the home value decreased over the last 4 years. when you fail this good you know your're a stupid fuck.

 

[peckafacce]

fat has the only house in america where the home value decreased over the last 4 years. when you fail this good you know your're a stupid fuck.

Him and Anthony Cumia

 

[guest]

I wonder if that’s why Niki’s mom was visiting recently, they probably need a good amount down to re-finance since they’re two bums, especially Pat not being able to show any actual income. Probably why they’re cleaning up, they think if they make the shit hole look better it will help their chances.

If she gives them money to help refinance that’s bank fraud and can get you 30 years

 

[Uncle Anthony Cumia]

If she gives them money to help refinance that’s bank fraud and can get you 30 years

Felony Mortgage broker impersonation, child.

 

[Libby Son Of Loin]

Refinancing is a scam for poor people because the company you're selling the mortgage to is doing it because it's profitable for them.

Looks like we know where the lawsuit money is coming from, he's literally betting the house on this.

 

[TorqueWheeler]

Refinancing is a scam for poor people because the company you're selling the mortgage to is doing it because it's profitable for them.

Looks like we know where the lawsuit money is coming from, he's literally betting the house on this.

That was my first thought.

 

[guest]

Refinancing is a scam for poor people because the company you're selling the mortgage to is doing it because it's profitable for them.

Looks like we know where the lawsuit money is coming from, he's literally betting the house on this.

What? How is refinancing a scam for poor people?? Anyone who has a mortgage over 3% or so should be refinancing it right now.

And also, refinancing his house wouldn’t fund the lawsuit, it would just lower his monthly payment by a couple hundred bucks. Assuming they have good enough credit to qualify, which is doubtful.

 

[IGotATreeOnMyHouse85]

What? How is refinancing a scam for poor people?? Anyone who has a mortgage over 3% or so should be refinancing it right now.

And also, refinancing his house wouldn’t fund the lawsuit, it would just lower his monthly payment by a couple hundred bucks. Assuming they have good enough credit to qualify, which is doubtful.

Exactly, piggy and drinki have heard about lower rates but can’t actually get approved for the lower rates. It’s like how car commercials offer low to zero percent financing but that is only for “well qualified buyers” meaning tier 1 700 plus scores. During the Trump years I saw so many dopes on social media claim the economy was crashing because they saw commercials advertising zero percent car financing which to them meant people weren’t buying cars. They really believed that mindset to cry orange man bad and ignored that car companies have been advertising low interest specials for years without paying attention to the fine print.

 

[Uncle Anthony Cumia]

Mama Robinson has to go to that shitbox and get harangued to sign a second mortgage so Tubby can borrow money for the LOLsuit not from the family warchest.

 

[Uncle Anthony Cumia]

Refinancing is a scam for poor people because the company you're selling the mortgage to is doing it because it's profitable for them.

Looks like we know where the lawsuit money is coming from, he's literally betting the house on this.

This time nothing would make me happier than the house winning. And by that I mean Piggy losing and that shitbox being repossessed by whatever subprime lender will be re-selling it on the market.

 

[guest]

Mama Robinson has to go to that shitbox and get harangued to sign a second mortgage so Tubby can borrow money for the LOLsuit not from the family warchest.

You need equity to get a 2nd mortgage so that idea is out too

 

[cliveowen]

If we are taking pats word for it that his payment dropped 400 a month (which is probably a lie), there is no way that was from a drop in interest rate. I can only think of two options

1. They had a 15 year mortgage (doubtful) that they converted to a 30 year

2. They had a 30 year mortgage that they converted to some sort of ARM loan.

Either way, he is still fat and poor.