Just Curious

[Azazello1313]

it was pretty easy for me in 2005. basic stuff, pay stubs, tax returns. got a 5 year ARM, so I'm gonna want to refi by october 2010. I financed basically 100%(80%/20% in two mortgages), and took my "down payment" (which would have been about 10%) and instead bought down a point and a half on my main mortgage and did some improvements on the house. I'm not too worried about the refi unless things REALLY get ugly....property values in my area have been pretty steady, I've done improvements, and also been paying extra principle...I also have a little cash I could put in, and we could absorb an increase in payment of $1000 a month or so if we absolutely had to. of course, my hope in 2005 was that by 2010 I'd easily have 20% equity so I could refi my two into one. may not happen but I should at least have 10%, again, barring further economic catastrophe.