Freddie Mac computer was gambling up against, and others, Jay and Bonnie Silverstein. The fresh new Silversteins inhabit an unfinished growth of cul-de-sacs and you will yellow stucco home regarding the 20 miles northern out of Philadelphia, inside a property decorated which have Bonnie’s orchids in addition to their Flower Bowl parade pin collection. The latest creator went bankrupt, making orange synthetic build fencing as much as some empty loads. The city clubhouse is not done.

The new Silversteins possess a 30-year repaired financial with an interest rates of 6.875 per cent, much higher as compared to going speed out-of below 4 %. He has got lent out-of family and are generally traditions income so you can paycheck. Whenever they could re-finance, they would rescue from the $500 thirty days. He states the other money carry out enable them to pay back specific of the family and you may head to its grandkids more often. Lees verder →