NR: refi or not?

[Coronita]

[quote=xtalprotector]No, we don’t have any plans to walk now.

We bought last year right before the stock market crashed, driven by the fear of taxing the “rich”. [/quote]

Sorry to delve into it but why would obama’s tax on “rich” be a motivation to buy? I mean, obama’s tax on rich should have motivated you not to buy, because his plan was(is) to cap the interest rate mortgage deduction for higher income families, my understanding.

Anyway what was your rate of your first loan? Me personally, I’m waiting for low 4% refi, and I will soon be at a conforming rate. And I already refinanced 1 time about 1.5 years into our loan when the rate went down from our original about 0.5%, mainly because we were just 1.5 year into the original loan. I don’t have plans to default, and our reserves are such that we could probably tolerate 3-4 years without both parents not working and maintain the current quality of living.

[quote]My husband’s major concern is that if we refi, we will loose the option to walk. Is it too pessimistic to think a 2800sf sfr in CV will drop below 690K?[/quote]

So if let’s say 2800sqft does go below 690k, is that motivation for you and your husband to walk? I don’t quite get it because hopefully you didn’t think about buying this home and not expect home prices to fall further. 2800sqft in CV isn’t out of the real of possibility depending on locations and duration of this recession. I think there were some homes that closed low 7’s around 2600-700 sqft (REO).

[SD Realtor]

If there are any plans to either,

move

walk

sell

within the next few years then no you should not refi right now. If you are absolutely sure you will not be doing any of those items above within the next 4 years or so, then you can consider refinancing. There is a rumor going around that in the near future the government will be buying up more slop in an effort to force rates down as they have crept up over the past two months so you may want to sit tight for spell.

[SD Realtor]

If there are any plans to either,

move

walk

sell

within the next few years then no you should not refi right now. If you are absolutely sure you will not be doing any of those items above within the next 4 years or so, then you can consider refinancing. There is a rumor going around that in the near future the government will be buying up more slop in an effort to force rates down as they have crept up over the past two months so you may want to sit tight for spell.

[SD Realtor]

If there are any plans to either,

move

walk

sell

within the next few years then no you should not refi right now. If you are absolutely sure you will not be doing any of those items above within the next 4 years or so, then you can consider refinancing. There is a rumor going around that in the near future the government will be buying up more slop in an effort to force rates down as they have crept up over the past two months so you may want to sit tight for spell.

[SD Realtor]

If there are any plans to either,

move

walk

sell

within the next few years then no you should not refi right now. If you are absolutely sure you will not be doing any of those items above within the next 4 years or so, then you can consider refinancing. There is a rumor going around that in the near future the government will be buying up more slop in an effort to force rates down as they have crept up over the past two months so you may want to sit tight for spell.

[SD Realtor]

If there are any plans to either,

move

walk

sell

within the next few years then no you should not refi right now. If you are absolutely sure you will not be doing any of those items above within the next 4 years or so, then you can consider refinancing. There is a rumor going around that in the near future the government will be buying up more slop in an effort to force rates down as they have crept up over the past two months so you may want to sit tight for spell.

[flyer]

FLU/SDR

May I ask how you might suggest monitoring the refi rates? If/When they drop to 4%, we definitely want to make a move also.

Would also appreciate any info you might care to share regarding who you might suggest using for the refi, etc. I’m aware of HLS, but would also appreciate other suggestions.

[flyer]

FLU/SDR

May I ask how you might suggest monitoring the refi rates? If/When they drop to 4%, we definitely want to make a move also.

Would also appreciate any info you might care to share regarding who you might suggest using for the refi, etc. I’m aware of HLS, but would also appreciate other suggestions.

[flyer]

FLU/SDR

May I ask how you might suggest monitoring the refi rates? If/When they drop to 4%, we definitely want to make a move also.

Would also appreciate any info you might care to share regarding who you might suggest using for the refi, etc. I’m aware of HLS, but would also appreciate other suggestions.

[flyer]

FLU/SDR

May I ask how you might suggest monitoring the refi rates? If/When they drop to 4%, we definitely want to make a move also.

Would also appreciate any info you might care to share regarding who you might suggest using for the refi, etc. I’m aware of HLS, but would also appreciate other suggestions.

[flyer]

FLU/SDR

May I ask how you might suggest monitoring the refi rates? If/When they drop to 4%, we definitely want to make a move also.

Would also appreciate any info you might care to share regarding who you might suggest using for the refi, etc. I’m aware of HLS, but would also appreciate other suggestions.

[Anonymous]

[quote=xtalprotector][…] the stock market crashed, driven by the fear of taxing the “rich”. [/quote]

Oh, so that’s why it crashed? All this time I was thinking it had to do with substantially lower corporate earnings, or the write down of billions in worthless assets on company balance sheets.

It makes sense now: a small increase in the marginal tax rate at the top bracket is actually what tanked the economy. For further proof, look at the tax rates in the decades following WWII, and we can see how devastating a progressive tax is to our economy.

[Anonymous]

[quote=xtalprotector][…] the stock market crashed, driven by the fear of taxing the “rich”. [/quote]

Oh, so that’s why it crashed? All this time I was thinking it had to do with substantially lower corporate earnings, or the write down of billions in worthless assets on company balance sheets.

It makes sense now: a small increase in the marginal tax rate at the top bracket is actually what tanked the economy. For further proof, look at the tax rates in the decades following WWII, and we can see how devastating a progressive tax is to our economy.

[Anonymous]

[quote=xtalprotector][…] the stock market crashed, driven by the fear of taxing the “rich”. [/quote]

Oh, so that’s why it crashed? All this time I was thinking it had to do with substantially lower corporate earnings, or the write down of billions in worthless assets on company balance sheets.

It makes sense now: a small increase in the marginal tax rate at the top bracket is actually what tanked the economy. For further proof, look at the tax rates in the decades following WWII, and we can see how devastating a progressive tax is to our economy.

[Anonymous]

[quote=xtalprotector][…] the stock market crashed, driven by the fear of taxing the “rich”. [/quote]

Oh, so that’s why it crashed? All this time I was thinking it had to do with substantially lower corporate earnings, or the write down of billions in worthless assets on company balance sheets.

It makes sense now: a small increase in the marginal tax rate at the top bracket is actually what tanked the economy. For further proof, look at the tax rates in the decades following WWII, and we can see how devastating a progressive tax is to our economy.

[Author]

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