The new mortgage

Angelina has been waiting for this day. Today the government is supposed to release the details about the new mortgage system they plan to put in place. It could help people like Jonny who have a loan at around 93% of what the house is worth. In the old days if you had a loan at around 75% of what a house is worth then you could refinance. This meant say for instance your house is worth $200,000 and you owe $150,000. In this case you could refinance a new debt of $158,500. $3,500 would go towards closing costs, $150,000 would go to cover the old loan and the other $5,000 could be used to pay your Kohl's credit card.

Jonny is up to page 133 of Peony and he is up to page 321 of Man Without A Face.

Jonny is still in his old office in Hotel California. He anxiously awaits the move to the Med Inn Building. Now he is going to head upstairs to talk to Rob Schneider.