Know someone whose mortgage is resetting?

[sdnerd]

There is no equity, so there are no refi’s. The artificially low rates kick the can down the road, and the whole scary ARM reset chart is more bark then bite – right now.

This is what makes up a large portion of the Shadow Inventory!

Very, very, very few are going to write another 20%+ check in order to refinance.

The question is which will come first – higher rates, inflation, a bailout, or a foreclosure. At any rate… as long as the teaser rates keep getting extended….

[kelly]

sdnerd… Would you talk about your situation for a story? Is that 3.25 percent a rate that your bank has acknowledged is an extension of your teaser?

[kelly]

sdnerd… Would you talk about your situation for a story? Is that 3.25 percent a rate that your bank has acknowledged is an extension of your teaser?

[kelly]

sdnerd… Would you talk about your situation for a story? Is that 3.25 percent a rate that your bank has acknowledged is an extension of your teaser?

[kelly]

sdnerd… Would you talk about your situation for a story? Is that 3.25 percent a rate that your bank has acknowledged is an extension of your teaser?

[kelly]

sdnerd… Would you talk about your situation for a story? Is that 3.25 percent a rate that your bank has acknowledged is an extension of your teaser?

[afx114]

[quote=SD Realtor]A buddy I play hockey with had a 5 year option arm. His loan reset 3 weeks ago. It used to be 5% and it just reset to 4.25%. [/quote]

Please excuse the threadjack, but where do you play hockey SDR? I’ve been looking to play again but don’t know which rink is the best.

[afx114]

[quote=SD Realtor]A buddy I play hockey with had a 5 year option arm. His loan reset 3 weeks ago. It used to be 5% and it just reset to 4.25%. [/quote]

Please excuse the threadjack, but where do you play hockey SDR? I’ve been looking to play again but don’t know which rink is the best.

[afx114]

[quote=SD Realtor]A buddy I play hockey with had a 5 year option arm. His loan reset 3 weeks ago. It used to be 5% and it just reset to 4.25%. [/quote]

Please excuse the threadjack, but where do you play hockey SDR? I’ve been looking to play again but don’t know which rink is the best.

[afx114]

[quote=SD Realtor]A buddy I play hockey with had a 5 year option arm. His loan reset 3 weeks ago. It used to be 5% and it just reset to 4.25%. [/quote]

Please excuse the threadjack, but where do you play hockey SDR? I’ve been looking to play again but don’t know which rink is the best.

[afx114]

[quote=SD Realtor]A buddy I play hockey with had a 5 year option arm. His loan reset 3 weeks ago. It used to be 5% and it just reset to 4.25%. [/quote]

Please excuse the threadjack, but where do you play hockey SDR? I’ve been looking to play again but don’t know which rink is the best.

[5yearwaiter]

[quote=sdnerd]Mine just reset from 4.65% to 3.25%.

Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
[/quote]

Can you explain to us how is that kind of rate achieved through refinancing? – What’s the story involved in this achievement?

[5yearwaiter]

[quote=sdnerd]Mine just reset from 4.65% to 3.25%.

Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
[/quote]

Can you explain to us how is that kind of rate achieved through refinancing? – What’s the story involved in this achievement?

[5yearwaiter]

[quote=sdnerd]Mine just reset from 4.65% to 3.25%.

Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
[/quote]

Can you explain to us how is that kind of rate achieved through refinancing? – What’s the story involved in this achievement?

[5yearwaiter]

[quote=sdnerd]Mine just reset from 4.65% to 3.25%.

Which is both good in regards to my payments, and bad in regards to houses I was hoping to be buying as REO.
[/quote]

Can you explain to us how is that kind of rate achieved through refinancing? – What’s the story involved in this achievement?

[Author]

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