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  • February 9, 2010 at 5:23 PM #512307
    briansd1
    Guest

    [quote=FormerSanDiegan]
    It’s all about wherewithal of the owners. ARMs that reset at or below original rates will allow many of these owners to maintain monthly payments.
    The can gets kicked down the road.[/quote]

    Yes, I agree.

    Government actions, by lowering interest rates, give people a reprieve. Do they have long term wherewithal? Time will tell…

    February 9, 2010 at 5:53 PM #511424
    Rich Toscano
    Keymaster

    Ha! Hilarious FSD… nicely done.

    rich

    February 9, 2010 at 5:53 PM #511570
    Rich Toscano
    Keymaster

    Ha! Hilarious FSD… nicely done.

    rich

    February 9, 2010 at 5:53 PM #511983
    Rich Toscano
    Keymaster

    Ha! Hilarious FSD… nicely done.

    rich

    February 9, 2010 at 5:53 PM #512078
    Rich Toscano
    Keymaster

    Ha! Hilarious FSD… nicely done.

    rich

    February 9, 2010 at 5:53 PM #512327
    Rich Toscano
    Keymaster

    Ha! Hilarious FSD… nicely done.

    rich

    July 9, 2010 at 10:10 AM #576445
    (former)FormerSanDiegan
    Participant

    It’s been a while… here’s an update …

    2010

    March 12-month LIBOR: 0.84
    fully-indexed ARM reset RATE : 3.125%

    April 12-month LIBOR: 0.92
    fully-indexed ARM reset RATE : 3.25%

    May 12-month LIBOR: 1.01
    fully-indexed ARM reset RATE : 3.375%

    June 12-month LIBOR: 1.2
    fully-indexed ARM reset RATE : 3.5%

    July 12-month LIBOR: 1.17
    fully-indexed ARM reset RATE : 3.5%

    Short term rates would have to increase by 2-2.5% from today’s rates to exceed the start rates of 5.5%-6% for the 5-year ARMs originating in 2005.

    July 9, 2010 at 10:10 AM #576542
    (former)FormerSanDiegan
    Participant

    It’s been a while… here’s an update …

    2010

    March 12-month LIBOR: 0.84
    fully-indexed ARM reset RATE : 3.125%

    April 12-month LIBOR: 0.92
    fully-indexed ARM reset RATE : 3.25%

    May 12-month LIBOR: 1.01
    fully-indexed ARM reset RATE : 3.375%

    June 12-month LIBOR: 1.2
    fully-indexed ARM reset RATE : 3.5%

    July 12-month LIBOR: 1.17
    fully-indexed ARM reset RATE : 3.5%

    Short term rates would have to increase by 2-2.5% from today’s rates to exceed the start rates of 5.5%-6% for the 5-year ARMs originating in 2005.

    July 9, 2010 at 10:10 AM #577067
    (former)FormerSanDiegan
    Participant

    It’s been a while… here’s an update …

    2010

    March 12-month LIBOR: 0.84
    fully-indexed ARM reset RATE : 3.125%

    April 12-month LIBOR: 0.92
    fully-indexed ARM reset RATE : 3.25%

    May 12-month LIBOR: 1.01
    fully-indexed ARM reset RATE : 3.375%

    June 12-month LIBOR: 1.2
    fully-indexed ARM reset RATE : 3.5%

    July 12-month LIBOR: 1.17
    fully-indexed ARM reset RATE : 3.5%

    Short term rates would have to increase by 2-2.5% from today’s rates to exceed the start rates of 5.5%-6% for the 5-year ARMs originating in 2005.

    July 9, 2010 at 10:10 AM #577173
    (former)FormerSanDiegan
    Participant

    It’s been a while… here’s an update …

    2010

    March 12-month LIBOR: 0.84
    fully-indexed ARM reset RATE : 3.125%

    April 12-month LIBOR: 0.92
    fully-indexed ARM reset RATE : 3.25%

    May 12-month LIBOR: 1.01
    fully-indexed ARM reset RATE : 3.375%

    June 12-month LIBOR: 1.2
    fully-indexed ARM reset RATE : 3.5%

    July 12-month LIBOR: 1.17
    fully-indexed ARM reset RATE : 3.5%

    Short term rates would have to increase by 2-2.5% from today’s rates to exceed the start rates of 5.5%-6% for the 5-year ARMs originating in 2005.

    July 9, 2010 at 10:10 AM #577474
    (former)FormerSanDiegan
    Participant

    It’s been a while… here’s an update …

    2010

    March 12-month LIBOR: 0.84
    fully-indexed ARM reset RATE : 3.125%

    April 12-month LIBOR: 0.92
    fully-indexed ARM reset RATE : 3.25%

    May 12-month LIBOR: 1.01
    fully-indexed ARM reset RATE : 3.375%

    June 12-month LIBOR: 1.2
    fully-indexed ARM reset RATE : 3.5%

    July 12-month LIBOR: 1.17
    fully-indexed ARM reset RATE : 3.5%

    Short term rates would have to increase by 2-2.5% from today’s rates to exceed the start rates of 5.5%-6% for the 5-year ARMs originating in 2005.

    July 9, 2010 at 10:25 AM #576460
    Coronita
    Participant

    At this rate, one of relatives who did interest only on a $1.5 million loan is looking pretty smart to me…And to think a few years ago, I asked them “are you sure”….Said folks could pay off the loan, but their loan is effectively 3.6%, while their cash on hand is earning interest about 4% in a portfolio….

    Sigh, and to think I thought I was smart by doing a 30 year fixed….

    July 9, 2010 at 10:25 AM #576556
    Coronita
    Participant

    At this rate, one of relatives who did interest only on a $1.5 million loan is looking pretty smart to me…And to think a few years ago, I asked them “are you sure”….Said folks could pay off the loan, but their loan is effectively 3.6%, while their cash on hand is earning interest about 4% in a portfolio….

    Sigh, and to think I thought I was smart by doing a 30 year fixed….

    July 9, 2010 at 10:25 AM #577082
    Coronita
    Participant

    At this rate, one of relatives who did interest only on a $1.5 million loan is looking pretty smart to me…And to think a few years ago, I asked them “are you sure”….Said folks could pay off the loan, but their loan is effectively 3.6%, while their cash on hand is earning interest about 4% in a portfolio….

    Sigh, and to think I thought I was smart by doing a 30 year fixed….

    July 9, 2010 at 10:25 AM #577188
    Coronita
    Participant

    At this rate, one of relatives who did interest only on a $1.5 million loan is looking pretty smart to me…And to think a few years ago, I asked them “are you sure”….Said folks could pay off the loan, but their loan is effectively 3.6%, while their cash on hand is earning interest about 4% in a portfolio….

    Sigh, and to think I thought I was smart by doing a 30 year fixed….

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