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(former)FormerSanDiegan
ParticipantWhat are incentive monies ?
Is this money from the builder ? Sorry, I’ve only bought 4 houses in my life and the newest one I ever bought was 33 years old, so I don;t know much about buying newly built homes.How much are you putting down ?
Sometimes loan program have limits to the amount of funds that can be paid by the seller for closing costs. In the old days (mid-1990s) this was typically limited to 3% and could only be applied to closing costs.ParticipantNicMM – I did not mean to discourage you from posting. I was just poking a little fun. Glad to see that you take it in stride. Your main points come across clear. The language that is most important here is math. Running the numbers is far more important than verb conjugation. It appears that you have run the numbers and balanced the ARM versus 30-year fixed and made the right choice.
It’s also obvious that you have your eyes open through the process to make sure you don’t get screwed at the end. If they try to pull a fast one on you, simply don’t sign the loan docs. You have a couple contacts here on this board who can help.
Keep us updated on what your final rate and costs end up being when you close.ParticipantNicMM – I did not mean to discourage you from posting. I was just poking a little fun. Glad to see that you take it in stride. Your main points come across clear. The language that is most important here is math. Running the numbers is far more important than verb conjugation. It appears that you have run the numbers and balanced the ARM versus 30-year fixed and made the right choice.
It’s also obvious that you have your eyes open through the process to make sure you don’t get screwed at the end. If they try to pull a fast one on you, simply don’t sign the loan docs. You have a couple contacts here on this board who can help.
Keep us updated on what your final rate and costs end up being when you close.ParticipantNicMM – I did not mean to discourage you from posting. I was just poking a little fun. Glad to see that you take it in stride. Your main points come across clear. The language that is most important here is math. Running the numbers is far more important than verb conjugation. It appears that you have run the numbers and balanced the ARM versus 30-year fixed and made the right choice.
It’s also obvious that you have your eyes open through the process to make sure you don’t get screwed at the end. If they try to pull a fast one on you, simply don’t sign the loan docs. You have a couple contacts here on this board who can help.
Keep us updated on what your final rate and costs end up being when you close.ParticipantNicMM – I did not mean to discourage you from posting. I was just poking a little fun. Glad to see that you take it in stride. Your main points come across clear. The language that is most important here is math. Running the numbers is far more important than verb conjugation. It appears that you have run the numbers and balanced the ARM versus 30-year fixed and made the right choice.
It’s also obvious that you have your eyes open through the process to make sure you don’t get screwed at the end. If they try to pull a fast one on you, simply don’t sign the loan docs. You have a couple contacts here on this board who can help.
Keep us updated on what your final rate and costs end up being when you close.ParticipantNicMM – I did not mean to discourage you from posting. I was just poking a little fun. Glad to see that you take it in stride. Your main points come across clear. The language that is most important here is math. Running the numbers is far more important than verb conjugation. It appears that you have run the numbers and balanced the ARM versus 30-year fixed and made the right choice.
It’s also obvious that you have your eyes open through the process to make sure you don’t get screwed at the end. If they try to pull a fast one on you, simply don’t sign the loan docs. You have a couple contacts here on this board who can help.
Keep us updated on what your final rate and costs end up being when you close.ParticipantSorry, the post in a couple parts reminded me of this …
ParticipantSorry, the post in a couple parts reminded me of this …
ParticipantSorry, the post in a couple parts reminded me of this …
ParticipantSorry, the post in a couple parts reminded me of this …
ParticipantSorry, the post in a couple parts reminded me of this …
ParticipantThere is only pent-up demand because the majority of sellers are still in denial. Once they capitulate en-masse those willing buyers will dry up fast!
So, you are suggesting that once sellers capitulate and lower their prices this will reduce the pool of willing buyers ?
Seems counter to some basic economic principles I thought I had once learned.
Or maybe what you meant was that the few who want to buy will buy at somewhat lower prices exhausting the buyer pool ?
ParticipantThere is only pent-up demand because the majority of sellers are still in denial. Once they capitulate en-masse those willing buyers will dry up fast!
So, you are suggesting that once sellers capitulate and lower their prices this will reduce the pool of willing buyers ?
Seems counter to some basic economic principles I thought I had once learned.
Or maybe what you meant was that the few who want to buy will buy at somewhat lower prices exhausting the buyer pool ?
ParticipantThere is only pent-up demand because the majority of sellers are still in denial. Once they capitulate en-masse those willing buyers will dry up fast!
So, you are suggesting that once sellers capitulate and lower their prices this will reduce the pool of willing buyers ?
Seems counter to some basic economic principles I thought I had once learned.
Or maybe what you meant was that the few who want to buy will buy at somewhat lower prices exhausting the buyer pool ?
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