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February 8, 2011 at 12:26 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #663749February 8, 2011 at 12:26 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #663811
Effective Demand
ParticipantIf you think you can make 5-7% returns in the market (not an unreasonable assumption) then there isn’t a scenario out there that makes sense to put more down..
The scenarios out there that make sense to put more down are ones where you’re investments do poorly.
February 8, 2011 at 12:26 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #664417ParticipantIf you think you can make 5-7% returns in the market (not an unreasonable assumption) then there isn’t a scenario out there that makes sense to put more down..
The scenarios out there that make sense to put more down are ones where you’re investments do poorly.
February 8, 2011 at 12:26 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #664555ParticipantIf you think you can make 5-7% returns in the market (not an unreasonable assumption) then there isn’t a scenario out there that makes sense to put more down..
The scenarios out there that make sense to put more down are ones where you’re investments do poorly.
February 8, 2011 at 12:26 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #664893ParticipantIf you think you can make 5-7% returns in the market (not an unreasonable assumption) then there isn’t a scenario out there that makes sense to put more down..
The scenarios out there that make sense to put more down are ones where you’re investments do poorly.
February 7, 2011 at 5:22 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #663540ParticipantI personally chose option D on my purchase.
Took the conforming rate, then took a HELOC out back to 80% and wrote myself a check and put that money in investment. My HELOC rate IS variable.. but its also 3.75% interest rate currently.
Also I got the i/o only option on the HELOC to help maximize my cash flow options on a monthly basis.
February 7, 2011 at 5:22 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #663602ParticipantI personally chose option D on my purchase.
Took the conforming rate, then took a HELOC out back to 80% and wrote myself a check and put that money in investment. My HELOC rate IS variable.. but its also 3.75% interest rate currently.
Also I got the i/o only option on the HELOC to help maximize my cash flow options on a monthly basis.
February 7, 2011 at 5:22 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #664208ParticipantI personally chose option D on my purchase.
Took the conforming rate, then took a HELOC out back to 80% and wrote myself a check and put that money in investment. My HELOC rate IS variable.. but its also 3.75% interest rate currently.
Also I got the i/o only option on the HELOC to help maximize my cash flow options on a monthly basis.
February 7, 2011 at 5:22 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #664345ParticipantI personally chose option D on my purchase.
Took the conforming rate, then took a HELOC out back to 80% and wrote myself a check and put that money in investment. My HELOC rate IS variable.. but its also 3.75% interest rate currently.
Also I got the i/o only option on the HELOC to help maximize my cash flow options on a monthly basis.
February 7, 2011 at 5:22 PM in reply to: What would you do? 4.75 with 196K to close OR 5.00 with 126K to close #664684ParticipantI personally chose option D on my purchase.
Took the conforming rate, then took a HELOC out back to 80% and wrote myself a check and put that money in investment. My HELOC rate IS variable.. but its also 3.75% interest rate currently.
Also I got the i/o only option on the HELOC to help maximize my cash flow options on a monthly basis.
ParticipantThe punchline is the Lipkins merely got a reamortized loan over 40 years (so a 45 year total term) and a reduced rate slowly building to ~4.5%
And this is described as a victory for the homeowner?
It’s a good thing people are bad at math I guess. The bank won.
If the Lipkins didn’t spend $1 on lawyers and tried short selling (turn around on access to loans is faster).. they’d be way ahead financially by now. And depending on a host of factors (if the demonstrated hardship was enough) they could even have purchased another home by now for lower cost and a 30 yr term.
ParticipantThe punchline is the Lipkins merely got a reamortized loan over 40 years (so a 45 year total term) and a reduced rate slowly building to ~4.5%
And this is described as a victory for the homeowner?
It’s a good thing people are bad at math I guess. The bank won.
If the Lipkins didn’t spend $1 on lawyers and tried short selling (turn around on access to loans is faster).. they’d be way ahead financially by now. And depending on a host of factors (if the demonstrated hardship was enough) they could even have purchased another home by now for lower cost and a 30 yr term.
ParticipantThe punchline is the Lipkins merely got a reamortized loan over 40 years (so a 45 year total term) and a reduced rate slowly building to ~4.5%
And this is described as a victory for the homeowner?
It’s a good thing people are bad at math I guess. The bank won.
If the Lipkins didn’t spend $1 on lawyers and tried short selling (turn around on access to loans is faster).. they’d be way ahead financially by now. And depending on a host of factors (if the demonstrated hardship was enough) they could even have purchased another home by now for lower cost and a 30 yr term.
ParticipantThe punchline is the Lipkins merely got a reamortized loan over 40 years (so a 45 year total term) and a reduced rate slowly building to ~4.5%
And this is described as a victory for the homeowner?
It’s a good thing people are bad at math I guess. The bank won.
If the Lipkins didn’t spend $1 on lawyers and tried short selling (turn around on access to loans is faster).. they’d be way ahead financially by now. And depending on a host of factors (if the demonstrated hardship was enough) they could even have purchased another home by now for lower cost and a 30 yr term.
ParticipantThe punchline is the Lipkins merely got a reamortized loan over 40 years (so a 45 year total term) and a reduced rate slowly building to ~4.5%
And this is described as a victory for the homeowner?
It’s a good thing people are bad at math I guess. The bank won.
If the Lipkins didn’t spend $1 on lawyers and tried short selling (turn around on access to loans is faster).. they’d be way ahead financially by now. And depending on a host of factors (if the demonstrated hardship was enough) they could even have purchased another home by now for lower cost and a 30 yr term.
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