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Viewing 15 posts - 46 through 60 (of 66 total)
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  • November 30, 2009 at 3:36 PM #488286
    smshorttimer
    Participant

    We are in escrow with a target closing date of before Christmas. Inspection coming up soon, papers being signed. Racking my brain about 30-year-fixed vs. a 7-year ARM, which I touched on in another thread.

    At least it’s fun to think about colors. It’s been a while.

    November 30, 2009 at 10:49 PM #488662
    CA renter
    Participant

    This is just my personal opinion, but I would not even think of getting an ARM when rates are as low as they are right now.

    You might think that you’re going to move in 7 years (not sure if that’s why you’re considering the ARM), or think that prices will be higher in 7 years so you can “refi” (into what??? — chances are rates will be higher if prices are higher), but you cannot predict the future.

    What you DO know is that rates are very low right now. IMHO, you should take advantage of that.

    Good luck on your escrow/new house! 🙂

    November 30, 2009 at 10:49 PM #488496
    CA renter
    Participant

    This is just my personal opinion, but I would not even think of getting an ARM when rates are as low as they are right now.

    You might think that you’re going to move in 7 years (not sure if that’s why you’re considering the ARM), or think that prices will be higher in 7 years so you can “refi” (into what??? — chances are rates will be higher if prices are higher), but you cannot predict the future.

    What you DO know is that rates are very low right now. IMHO, you should take advantage of that.

    Good luck on your escrow/new house! 🙂

    November 30, 2009 at 10:49 PM #489364
    CA renter
    Participant

    This is just my personal opinion, but I would not even think of getting an ARM when rates are as low as they are right now.

    You might think that you’re going to move in 7 years (not sure if that’s why you’re considering the ARM), or think that prices will be higher in 7 years so you can “refi” (into what??? — chances are rates will be higher if prices are higher), but you cannot predict the future.

    What you DO know is that rates are very low right now. IMHO, you should take advantage of that.

    Good luck on your escrow/new house! 🙂

    November 30, 2009 at 10:49 PM #489045
    CA renter
    Participant

    This is just my personal opinion, but I would not even think of getting an ARM when rates are as low as they are right now.

    You might think that you’re going to move in 7 years (not sure if that’s why you’re considering the ARM), or think that prices will be higher in 7 years so you can “refi” (into what??? — chances are rates will be higher if prices are higher), but you cannot predict the future.

    What you DO know is that rates are very low right now. IMHO, you should take advantage of that.

    Good luck on your escrow/new house! 🙂

    November 30, 2009 at 10:49 PM #489133
    CA renter
    Participant

    This is just my personal opinion, but I would not even think of getting an ARM when rates are as low as they are right now.

    You might think that you’re going to move in 7 years (not sure if that’s why you’re considering the ARM), or think that prices will be higher in 7 years so you can “refi” (into what??? — chances are rates will be higher if prices are higher), but you cannot predict the future.

    What you DO know is that rates are very low right now. IMHO, you should take advantage of that.

    Good luck on your escrow/new house! 🙂

    November 30, 2009 at 11:09 PM #488511
    SD Realtor
    Participant

    CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar

    November 30, 2009 at 11:09 PM #488677
    SD Realtor
    Participant

    CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar

    November 30, 2009 at 11:09 PM #489379
    SD Realtor
    Participant

    CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar

    November 30, 2009 at 11:09 PM #489060
    SD Realtor
    Participant

    CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar

    November 30, 2009 at 11:09 PM #489148
    SD Realtor
    Participant

    CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar

    November 30, 2009 at 11:58 PM #488546
    CA renter
    Participant

    [quote=SD Realtor]CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar[/quote]

    Exactly right, SDR. If the buyer only intends to live there for a few years, all bets are off the table. There’s a high probability that they will lose money (IMHO, of course).

    BTW, thanks for being such a good sport on JTR’s blog. I really enjoyed your interviews. If we have another Pigg get-together, your food/drinks are on me. 🙂

    November 30, 2009 at 11:58 PM #489414
    CA renter
    Participant

    [quote=SD Realtor]CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar[/quote]

    Exactly right, SDR. If the buyer only intends to live there for a few years, all bets are off the table. There’s a high probability that they will lose money (IMHO, of course).

    BTW, thanks for being such a good sport on JTR’s blog. I really enjoyed your interviews. If we have another Pigg get-together, your food/drinks are on me. 🙂

    November 30, 2009 at 11:58 PM #489183
    CA renter
    Participant

    [quote=SD Realtor]CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar[/quote]

    Exactly right, SDR. If the buyer only intends to live there for a few years, all bets are off the table. There’s a high probability that they will lose money (IMHO, of course).

    BTW, thanks for being such a good sport on JTR’s blog. I really enjoyed your interviews. If we have another Pigg get-together, your food/drinks are on me. 🙂

    November 30, 2009 at 11:58 PM #489095
    CA renter
    Participant

    [quote=SD Realtor]CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.

    ar[/quote]

    Exactly right, SDR. If the buyer only intends to live there for a few years, all bets are off the table. There’s a high probability that they will lose money (IMHO, of course).

    BTW, thanks for being such a good sport on JTR’s blog. I really enjoyed your interviews. If we have another Pigg get-together, your food/drinks are on me. 🙂

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