[carlover]

Just another example of twisting the data to match your pre-determined result. Notice in the chart that for the US he lists total government obligations, but conveniently for the rest of the world he only lists debt. Japans debt is close to 200% of GDP, Italy’s is over 100%, funny that no one mentions those, and certainly no one is parading out comments of those countries going insolvent. Are we in a bad situation right now, YES, will the whole country collapse as a result, I’ll put my money that it won’t!

[carlover]

Just another example of twisting the data to match your pre-determined result. Notice in the chart that for the US he lists total government obligations, but conveniently for the rest of the world he only lists debt. Japans debt is close to 200% of GDP, Italy’s is over 100%, funny that no one mentions those, and certainly no one is parading out comments of those countries going insolvent. Are we in a bad situation right now, YES, will the whole country collapse as a result, I’ll put my money that it won’t!

[carlover]

Just another example of twisting the data to match your pre-determined result. Notice in the chart that for the US he lists total government obligations, but conveniently for the rest of the world he only lists debt. Japans debt is close to 200% of GDP, Italy’s is over 100%, funny that no one mentions those, and certainly no one is parading out comments of those countries going insolvent. Are we in a bad situation right now, YES, will the whole country collapse as a result, I’ll put my money that it won’t!

[carlover]

Just another example of twisting the data to match your pre-determined result. Notice in the chart that for the US he lists total government obligations, but conveniently for the rest of the world he only lists debt. Japans debt is close to 200% of GDP, Italy’s is over 100%, funny that no one mentions those, and certainly no one is parading out comments of those countries going insolvent. Are we in a bad situation right now, YES, will the whole country collapse as a result, I’ll put my money that it won’t!

[carlover]

Just another example of twisting the data to match your pre-determined result. Notice in the chart that for the US he lists total government obligations, but conveniently for the rest of the world he only lists debt. Japans debt is close to 200% of GDP, Italy’s is over 100%, funny that no one mentions those, and certainly no one is parading out comments of those countries going insolvent. Are we in a bad situation right now, YES, will the whole country collapse as a result, I’ll put my money that it won’t!

[carlover]

Depending on the builder they will let you do an extended lock if you pay a deposit with the lender up front. We bought in Silhouette (4S Ranch) and closed in December. They allowed us to lock the rate for 4 months in September for a 1.25% deposit (100% of which would apply towards closing if we closed with their lender). We could have payed a smaller deposit but then some of it would have been “non-applicable” effectively making it a fee. We had the option to float down once within sixty days of closing, but the rates at that time were pretty much unchanged.

Originally we were going with their lender to get the 20K incentive and were going to use it to pay points to drop the rate. This would have given us a decent rate and the points paid on a purchase loan are tax deductible 100% that year (unfortunately the case is not the same for a refinance). By the time we got close to closing the preferred lenders rates (Countrywide) were high relative to the market. We chose to risk it and close paying zero points and using the 20K to pay off our options dropping the purchase price (and tax base), with the intent of refinancing ASAP. Our initial rate was 7.625% which is extreme but there were options available at the time for ~6.5% interest at zero points through dcu.org. We waited and managed to catch the dip on January 23 and locked in at 5.125% (2 Points) with dcu.org and closed last week. It’s been a roller coaster, taken them nearly 3 months to close, but they honored the rate lock even though it was only for 60 days, since all the delays were on their end.

In the end it comes down to your risk tolerance. If the builder are offering reasonable rates and can offer you an extended rate lock with a deposit it would be worth it in this volatile market. Just make sure the deposit is actually a deposit and 100% of it will roll over to escrow on closing.

[carlover]

Depending on the builder they will let you do an extended lock if you pay a deposit with the lender up front. We bought in Silhouette (4S Ranch) and closed in December. They allowed us to lock the rate for 4 months in September for a 1.25% deposit (100% of which would apply towards closing if we closed with their lender). We could have payed a smaller deposit but then some of it would have been “non-applicable” effectively making it a fee. We had the option to float down once within sixty days of closing, but the rates at that time were pretty much unchanged.

Originally we were going with their lender to get the 20K incentive and were going to use it to pay points to drop the rate. This would have given us a decent rate and the points paid on a purchase loan are tax deductible 100% that year (unfortunately the case is not the same for a refinance). By the time we got close to closing the preferred lenders rates (Countrywide) were high relative to the market. We chose to risk it and close paying zero points and using the 20K to pay off our options dropping the purchase price (and tax base), with the intent of refinancing ASAP. Our initial rate was 7.625% which is extreme but there were options available at the time for ~6.5% interest at zero points through dcu.org. We waited and managed to catch the dip on January 23 and locked in at 5.125% (2 Points) with dcu.org and closed last week. It’s been a roller coaster, taken them nearly 3 months to close, but they honored the rate lock even though it was only for 60 days, since all the delays were on their end.

In the end it comes down to your risk tolerance. If the builder are offering reasonable rates and can offer you an extended rate lock with a deposit it would be worth it in this volatile market. Just make sure the deposit is actually a deposit and 100% of it will roll over to escrow on closing.

[carlover]

Depending on the builder they will let you do an extended lock if you pay a deposit with the lender up front. We bought in Silhouette (4S Ranch) and closed in December. They allowed us to lock the rate for 4 months in September for a 1.25% deposit (100% of which would apply towards closing if we closed with their lender). We could have payed a smaller deposit but then some of it would have been “non-applicable” effectively making it a fee. We had the option to float down once within sixty days of closing, but the rates at that time were pretty much unchanged.

Originally we were going with their lender to get the 20K incentive and were going to use it to pay points to drop the rate. This would have given us a decent rate and the points paid on a purchase loan are tax deductible 100% that year (unfortunately the case is not the same for a refinance). By the time we got close to closing the preferred lenders rates (Countrywide) were high relative to the market. We chose to risk it and close paying zero points and using the 20K to pay off our options dropping the purchase price (and tax base), with the intent of refinancing ASAP. Our initial rate was 7.625% which is extreme but there were options available at the time for ~6.5% interest at zero points through dcu.org. We waited and managed to catch the dip on January 23 and locked in at 5.125% (2 Points) with dcu.org and closed last week. It’s been a roller coaster, taken them nearly 3 months to close, but they honored the rate lock even though it was only for 60 days, since all the delays were on their end.

In the end it comes down to your risk tolerance. If the builder are offering reasonable rates and can offer you an extended rate lock with a deposit it would be worth it in this volatile market. Just make sure the deposit is actually a deposit and 100% of it will roll over to escrow on closing.

[carlover]

Depending on the builder they will let you do an extended lock if you pay a deposit with the lender up front. We bought in Silhouette (4S Ranch) and closed in December. They allowed us to lock the rate for 4 months in September for a 1.25% deposit (100% of which would apply towards closing if we closed with their lender). We could have payed a smaller deposit but then some of it would have been “non-applicable” effectively making it a fee. We had the option to float down once within sixty days of closing, but the rates at that time were pretty much unchanged.

Originally we were going with their lender to get the 20K incentive and were going to use it to pay points to drop the rate. This would have given us a decent rate and the points paid on a purchase loan are tax deductible 100% that year (unfortunately the case is not the same for a refinance). By the time we got close to closing the preferred lenders rates (Countrywide) were high relative to the market. We chose to risk it and close paying zero points and using the 20K to pay off our options dropping the purchase price (and tax base), with the intent of refinancing ASAP. Our initial rate was 7.625% which is extreme but there were options available at the time for ~6.5% interest at zero points through dcu.org. We waited and managed to catch the dip on January 23 and locked in at 5.125% (2 Points) with dcu.org and closed last week. It’s been a roller coaster, taken them nearly 3 months to close, but they honored the rate lock even though it was only for 60 days, since all the delays were on their end.

In the end it comes down to your risk tolerance. If the builder are offering reasonable rates and can offer you an extended rate lock with a deposit it would be worth it in this volatile market. Just make sure the deposit is actually a deposit and 100% of it will roll over to escrow on closing.

[carlover]

Depending on the builder they will let you do an extended lock if you pay a deposit with the lender up front. We bought in Silhouette (4S Ranch) and closed in December. They allowed us to lock the rate for 4 months in September for a 1.25% deposit (100% of which would apply towards closing if we closed with their lender). We could have payed a smaller deposit but then some of it would have been “non-applicable” effectively making it a fee. We had the option to float down once within sixty days of closing, but the rates at that time were pretty much unchanged.

Originally we were going with their lender to get the 20K incentive and were going to use it to pay points to drop the rate. This would have given us a decent rate and the points paid on a purchase loan are tax deductible 100% that year (unfortunately the case is not the same for a refinance). By the time we got close to closing the preferred lenders rates (Countrywide) were high relative to the market. We chose to risk it and close paying zero points and using the 20K to pay off our options dropping the purchase price (and tax base), with the intent of refinancing ASAP. Our initial rate was 7.625% which is extreme but there were options available at the time for ~6.5% interest at zero points through dcu.org. We waited and managed to catch the dip on January 23 and locked in at 5.125% (2 Points) with dcu.org and closed last week. It’s been a roller coaster, taken them nearly 3 months to close, but they honored the rate lock even though it was only for 60 days, since all the delays were on their end.

In the end it comes down to your risk tolerance. If the builder are offering reasonable rates and can offer you an extended rate lock with a deposit it would be worth it in this volatile market. Just make sure the deposit is actually a deposit and 100% of it will roll over to escrow on closing.

[carlover]

It’s funny, I always hear people berate granite being used for kitchen countertops but I never understand why. Granite has to be about the most practical of choices for counter-tops. It’s smooth and easy to clean, you can place a hot pan on it without burning or marking, it doesn’t scratch so you can cut on it, you have to try hard to chip it. Compare this with really poor choices for kitchen countertops like Concrete or Soapstone or Marble with which you basically can’t do any of the above because they are all fairly soft. Usually fads involve things that have no practical reason for being used but are stylish at the time. Since granite is very practical and has been used in various forms for building throughout civilized history it’s quite a stretch to call it a fad.

This thread seems to be mostly concerned with style in which case I would predict that most of the ideas being presented are FADS.

[carlover]

It’s funny, I always hear people berate granite being used for kitchen countertops but I never understand why. Granite has to be about the most practical of choices for counter-tops. It’s smooth and easy to clean, you can place a hot pan on it without burning or marking, it doesn’t scratch so you can cut on it, you have to try hard to chip it. Compare this with really poor choices for kitchen countertops like Concrete or Soapstone or Marble with which you basically can’t do any of the above because they are all fairly soft. Usually fads involve things that have no practical reason for being used but are stylish at the time. Since granite is very practical and has been used in various forms for building throughout civilized history it’s quite a stretch to call it a fad.

This thread seems to be mostly concerned with style in which case I would predict that most of the ideas being presented are FADS.

[carlover]

It’s funny, I always hear people berate granite being used for kitchen countertops but I never understand why. Granite has to be about the most practical of choices for counter-tops. It’s smooth and easy to clean, you can place a hot pan on it without burning or marking, it doesn’t scratch so you can cut on it, you have to try hard to chip it. Compare this with really poor choices for kitchen countertops like Concrete or Soapstone or Marble with which you basically can’t do any of the above because they are all fairly soft. Usually fads involve things that have no practical reason for being used but are stylish at the time. Since granite is very practical and has been used in various forms for building throughout civilized history it’s quite a stretch to call it a fad.

This thread seems to be mostly concerned with style in which case I would predict that most of the ideas being presented are FADS.

[carlover]

It’s funny, I always hear people berate granite being used for kitchen countertops but I never understand why. Granite has to be about the most practical of choices for counter-tops. It’s smooth and easy to clean, you can place a hot pan on it without burning or marking, it doesn’t scratch so you can cut on it, you have to try hard to chip it. Compare this with really poor choices for kitchen countertops like Concrete or Soapstone or Marble with which you basically can’t do any of the above because they are all fairly soft. Usually fads involve things that have no practical reason for being used but are stylish at the time. Since granite is very practical and has been used in various forms for building throughout civilized history it’s quite a stretch to call it a fad.

This thread seems to be mostly concerned with style in which case I would predict that most of the ideas being presented are FADS.

[carlover]

It’s funny, I always hear people berate granite being used for kitchen countertops but I never understand why. Granite has to be about the most practical of choices for counter-tops. It’s smooth and easy to clean, you can place a hot pan on it without burning or marking, it doesn’t scratch so you can cut on it, you have to try hard to chip it. Compare this with really poor choices for kitchen countertops like Concrete or Soapstone or Marble with which you basically can’t do any of the above because they are all fairly soft. Usually fads involve things that have no practical reason for being used but are stylish at the time. Since granite is very practical and has been used in various forms for building throughout civilized history it’s quite a stretch to call it a fad.

This thread seems to be mostly concerned with style in which case I would predict that most of the ideas being presented are FADS.

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