Time to refinance :-)

[HomeShopping]

To IT.MOM

Thanks for your response.

FormerSanDiegan’s comment “above the Jumbo conforming limit … does not seem feasible” is referring to loans above $697,500. Maybe these are called “non-conforming jumbo”.

[HLS]

Only comparing the payment savings on a new loan vs. your old loan is totally inaccurate (and foolish), yet it is how 99% of people make their decisions, including most mortgage “professionals”

There is no one mortgage rate that fits everyone.

If someone bought stock through a stock broker 2 weeks ago and the stock went up since then would someone ask who the stockbroker was thinking that they would get the price of 2 weeks ago ?

It appears that most people don’t understand that pricing changes a bit everyday and it could be better or worse than a few weeks ago.
No cost loans are available everyday if you qualify. It’s the rate that changes.

Many people just don’t qualify for a loan at any interest rate today.

[HLS]

Only comparing the payment savings on a new loan vs. your old loan is totally inaccurate (and foolish), yet it is how 99% of people make their decisions, including most mortgage “professionals”

There is no one mortgage rate that fits everyone.

If someone bought stock through a stock broker 2 weeks ago and the stock went up since then would someone ask who the stockbroker was thinking that they would get the price of 2 weeks ago ?

It appears that most people don’t understand that pricing changes a bit everyday and it could be better or worse than a few weeks ago.
No cost loans are available everyday if you qualify. It’s the rate that changes.

Many people just don’t qualify for a loan at any interest rate today.

[HLS]

Only comparing the payment savings on a new loan vs. your old loan is totally inaccurate (and foolish), yet it is how 99% of people make their decisions, including most mortgage “professionals”

There is no one mortgage rate that fits everyone.

If someone bought stock through a stock broker 2 weeks ago and the stock went up since then would someone ask who the stockbroker was thinking that they would get the price of 2 weeks ago ?

It appears that most people don’t understand that pricing changes a bit everyday and it could be better or worse than a few weeks ago.
No cost loans are available everyday if you qualify. It’s the rate that changes.

Many people just don’t qualify for a loan at any interest rate today.

[HLS]

Only comparing the payment savings on a new loan vs. your old loan is totally inaccurate (and foolish), yet it is how 99% of people make their decisions, including most mortgage “professionals”

There is no one mortgage rate that fits everyone.

If someone bought stock through a stock broker 2 weeks ago and the stock went up since then would someone ask who the stockbroker was thinking that they would get the price of 2 weeks ago ?

It appears that most people don’t understand that pricing changes a bit everyday and it could be better or worse than a few weeks ago.
No cost loans are available everyday if you qualify. It’s the rate that changes.

Many people just don’t qualify for a loan at any interest rate today.

[HLS]

Only comparing the payment savings on a new loan vs. your old loan is totally inaccurate (and foolish), yet it is how 99% of people make their decisions, including most mortgage “professionals”

There is no one mortgage rate that fits everyone.

If someone bought stock through a stock broker 2 weeks ago and the stock went up since then would someone ask who the stockbroker was thinking that they would get the price of 2 weeks ago ?

It appears that most people don’t understand that pricing changes a bit everyday and it could be better or worse than a few weeks ago.
No cost loans are available everyday if you qualify. It’s the rate that changes.

Many people just don’t qualify for a loan at any interest rate today.

[bearishgurl]

[quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL!

[bearishgurl]

[quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL!

[bearishgurl]

[quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL!

[bearishgurl]

[quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL!

[bearishgurl]

[quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL!

[CA renter]

[quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.

[CA renter]

[quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.

[CA renter]

[quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.

[CA renter]

[quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.

[Author]

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