Home › Forums › Financial Markets/Economics › Get ready for even lower interest rates….
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an.
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July 21, 2010 at 10:35 PM #582092July 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 #581167Participant[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 #581698Participant[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 #581804Participant[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 #582107Participant[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 #581090an
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 #581182Participant[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 #581713Participant[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 #581819Participant[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 #582122Participant[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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