Home › Forums › Closed Forums › Buying and Selling RE › Who has the best 10/1 or 30-year fixed I/O programs? (pls don’t laugh)
- This topic has 70 replies, 9 voices, and was last updated 15 years, 1 month ago by
HLS.
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AuthorPosts
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June 10, 2009 at 7:34 PM #15863June 10, 2009 at 8:22 PM #413498
ybitz
ParticipantRe: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…
June 10, 2009 at 8:22 PM #414207ybitz
ParticipantRe: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…
June 10, 2009 at 8:22 PM #414056ybitz
ParticipantRe: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…
June 10, 2009 at 8:22 PM #413736ybitz
ParticipantRe: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…
June 10, 2009 at 8:22 PM #413987ybitz
ParticipantRe: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…
June 10, 2009 at 9:47 PM #414263Coronita
Participant[quote=ybitz]Re: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…[/quote]
…Provided it’s a fixed mortgage. If you have a 10/1, that doesn’t seem fixed, and I would surmise your rate would rise with inflation.
… I think getting an adjustable loan poses a risk particular since more than likely rates are going to go up in the future. I don’t think most people are savy enough investors to be able to consistently obtain investment returns that would beat that rising ARM rate….
…I seriously doubt we’ll see deflation in the long term.
…In a depression everyone is screwed, but even then being screwed is relative. So hopefully you would have enough cash to at least buy food and shelter.
…Regarding a 30year IO…You probably need to assess how good you really are at saving versus spending cash on hand. I think most people probably spend more when they *feel* they have more cash on hand. Also, it’s not just that you would be screwed if you didn’t pay down your principle by the time the loan was down…I’m sure someway the taxpayer would be on the hook for that.
They still offer 10/1’s? Wow.
June 10, 2009 at 9:47 PM #414111Coronita
Participant[quote=ybitz]Re: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…[/quote]
…Provided it’s a fixed mortgage. If you have a 10/1, that doesn’t seem fixed, and I would surmise your rate would rise with inflation.
… I think getting an adjustable loan poses a risk particular since more than likely rates are going to go up in the future. I don’t think most people are savy enough investors to be able to consistently obtain investment returns that would beat that rising ARM rate….
…I seriously doubt we’ll see deflation in the long term.
…In a depression everyone is screwed, but even then being screwed is relative. So hopefully you would have enough cash to at least buy food and shelter.
…Regarding a 30year IO…You probably need to assess how good you really are at saving versus spending cash on hand. I think most people probably spend more when they *feel* they have more cash on hand. Also, it’s not just that you would be screwed if you didn’t pay down your principle by the time the loan was down…I’m sure someway the taxpayer would be on the hook for that.
They still offer 10/1’s? Wow.
June 10, 2009 at 9:47 PM #414042Coronita
Participant[quote=ybitz]Re: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…[/quote]
…Provided it’s a fixed mortgage. If you have a 10/1, that doesn’t seem fixed, and I would surmise your rate would rise with inflation.
… I think getting an adjustable loan poses a risk particular since more than likely rates are going to go up in the future. I don’t think most people are savy enough investors to be able to consistently obtain investment returns that would beat that rising ARM rate….
…I seriously doubt we’ll see deflation in the long term.
…In a depression everyone is screwed, but even then being screwed is relative. So hopefully you would have enough cash to at least buy food and shelter.
…Regarding a 30year IO…You probably need to assess how good you really are at saving versus spending cash on hand. I think most people probably spend more when they *feel* they have more cash on hand. Also, it’s not just that you would be screwed if you didn’t pay down your principle by the time the loan was down…I’m sure someway the taxpayer would be on the hook for that.
They still offer 10/1’s? Wow.
June 10, 2009 at 9:47 PM #413792Coronita
Participant[quote=ybitz]Re: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…[/quote]
…Provided it’s a fixed mortgage. If you have a 10/1, that doesn’t seem fixed, and I would surmise your rate would rise with inflation.
… I think getting an adjustable loan poses a risk particular since more than likely rates are going to go up in the future. I don’t think most people are savy enough investors to be able to consistently obtain investment returns that would beat that rising ARM rate….
…I seriously doubt we’ll see deflation in the long term.
…In a depression everyone is screwed, but even then being screwed is relative. So hopefully you would have enough cash to at least buy food and shelter.
…Regarding a 30year IO…You probably need to assess how good you really are at saving versus spending cash on hand. I think most people probably spend more when they *feel* they have more cash on hand. Also, it’s not just that you would be screwed if you didn’t pay down your principle by the time the loan was down…I’m sure someway the taxpayer would be on the hook for that.
They still offer 10/1’s? Wow.
June 10, 2009 at 9:47 PM #413554Coronita
Participant[quote=ybitz]Re: Nightmare situation #1. Isn’t high inflation great for those that have debt (like a mortgage)?
I don’t much about lender comparisons…[/quote]
…Provided it’s a fixed mortgage. If you have a 10/1, that doesn’t seem fixed, and I would surmise your rate would rise with inflation.
… I think getting an adjustable loan poses a risk particular since more than likely rates are going to go up in the future. I don’t think most people are savy enough investors to be able to consistently obtain investment returns that would beat that rising ARM rate….
…I seriously doubt we’ll see deflation in the long term.
…In a depression everyone is screwed, but even then being screwed is relative. So hopefully you would have enough cash to at least buy food and shelter.
…Regarding a 30year IO…You probably need to assess how good you really are at saving versus spending cash on hand. I think most people probably spend more when they *feel* they have more cash on hand. Also, it’s not just that you would be screwed if you didn’t pay down your principle by the time the loan was down…I’m sure someway the taxpayer would be on the hook for that.
They still offer 10/1’s? Wow.
June 10, 2009 at 11:05 PM #413872SD Realtor
ParticipantCall or email HLS. [email protected].
I am not agreeing or disagreeing with your decision.
June 10, 2009 at 11:05 PM #413632SD Realtor
ParticipantCall or email HLS. [email protected].
I am not agreeing or disagreeing with your decision.
June 10, 2009 at 11:05 PM #414122SD Realtor
ParticipantCall or email HLS. [email protected].
I am not agreeing or disagreeing with your decision.
June 10, 2009 at 11:05 PM #414344SD Realtor
ParticipantCall or email HLS. [email protected].
I am not agreeing or disagreeing with your decision.
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