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  • July 21, 2010 at 10:35 PM #582092
    CA renter
    Participant

    [quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

    First you want to be able to pay the loan off at some point

    Second you want as much interest deduction as possible on your tax return

    Third you want the LOWEST possible purchase price.[/quote]

    Precisely, GH.

    July 21, 2010 at 11:00 PM #581075
    bearishgurl
    Participant

    [quote=CA renter][quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

    First you want to be able to pay the loan off at some point

    Second you want as much interest deduction as possible on your tax return

    Third you want the LOWEST possible purchase price.[/quote]

    Precisely, GH.[/quote]

    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .

    July 21, 2010 at 11:00 PM #581167
    bearishgurl
    Participant

    [quote=CA renter][quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

    First you want to be able to pay the loan off at some point

    Second you want as much interest deduction as possible on your tax return

    Third you want the LOWEST possible purchase price.[/quote]

    Precisely, GH.[/quote]

    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .

    July 21, 2010 at 11:00 PM #581698
    bearishgurl
    Participant

    [quote=CA renter][quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

    First you want to be able to pay the loan off at some point

    Second you want as much interest deduction as possible on your tax return

    Third you want the LOWEST possible purchase price.[/quote]

    Precisely, GH.[/quote]

    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .

    July 21, 2010 at 11:00 PM #581804
    bearishgurl
    Participant

    [quote=CA renter][quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

    First you want to be able to pay the loan off at some point

    Second you want as much interest deduction as possible on your tax return

    Third you want the LOWEST possible purchase price.[/quote]

    Precisely, GH.[/quote]

    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .

    July 21, 2010 at 11:00 PM #582107
    bearishgurl
    Participant

    [quote=CA renter][quote=GH]The time to “refinance” is when rates are very low. The time to buy is when they are very high!!!

    First you want to be able to pay the loan off at some point

    Second you want as much interest deduction as possible on your tax return

    Third you want the LOWEST possible purchase price.[/quote]

    Precisely, GH.[/quote]

    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .

    July 21, 2010 at 11:46 PM #581090
    an
    Participant

    [quote=bearishgurl]
    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .[/quote]
    Seems like a lot of people who got loan mod would happily disagree.

    July 21, 2010 at 11:46 PM #581182
    an
    Participant

    [quote=bearishgurl]
    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .[/quote]
    Seems like a lot of people who got loan mod would happily disagree.

    July 21, 2010 at 11:46 PM #581713
    an
    Participant

    [quote=bearishgurl]
    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .[/quote]
    Seems like a lot of people who got loan mod would happily disagree.

    July 21, 2010 at 11:46 PM #581819
    an
    Participant

    [quote=bearishgurl]
    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .[/quote]
    Seems like a lot of people who got loan mod would happily disagree.

    July 21, 2010 at 11:46 PM #582122
    an
    Participant

    [quote=bearishgurl]
    You can always refi but you can NEVER CHANGE THE PRICE YOU PAID!!

    It’s the same analogy as, “You can always remodel but you can NEVER CHANGE THE LOCATION AND LOT.”

    Both passages to live by in the Bible of Real Estate. . .[/quote]
    Seems like a lot of people who got loan mod would happily disagree.

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