From: trader4@optonline.net
Newsgroups: misc.consumers.house
Subject: Re: OT [Re: 2nd Mortgage question]
Date: 4 Jun 2005 06:58:29 -0700
   posting-account=vW3O0AwAAABxQqAj-ZYxYAKqrqLQW3tX

" don't quite understand that argument. How is the house more in
danger if LTV is higher? "

He'll get the higher LTV by refinancing and getting a substantially
larger mortgage.   That typically means larger loan payments.  In his
case, he's talking about going from a $125K mortgage to a $190K
mortgage.  Hence it's easier to fall behind at which point, the house
is in danger.