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(former)FormerSanDiegan
Participant[quote=patb]
so you are interest rate arbitraging your house?
That just makes you a small hedge fund.Why don’t you incorporate as Boldman-Sachs[/quote]
I never said I was doing this. Simply, that one who is well off could use this to their advantage.
As an aside, if I can use interest rate arbitrage to improve my family’s finances, then yes of course I would. IMO, too many people DON’T treat their family finances like a business.
Participant[quote=jeeman]waterboy,
there are two jumbo limits now…one is over $417k (jumbo conventional) and over $697.5k (jumbo). Which of those did you do?[/quote]
Based on the numbers given above it is below 697.5K.
Here’s why.
Savings of $150 per month
orignally 5.0%
new loan 4.625%.
To save $150 on this change in rate, the principal would have to be ~ $650 K.Plus getting 4.625%, 30-year fixed above the Jumbo conforming limit just does not seem feasible currently.
Participant[quote=jeeman]waterboy,
there are two jumbo limits now…one is over $417k (jumbo conventional) and over $697.5k (jumbo). Which of those did you do?[/quote]
Based on the numbers given above it is below 697.5K.
Here’s why.
Savings of $150 per month
orignally 5.0%
new loan 4.625%.
To save $150 on this change in rate, the principal would have to be ~ $650 K.Plus getting 4.625%, 30-year fixed above the Jumbo conforming limit just does not seem feasible currently.
Participant[quote=jeeman]waterboy,
there are two jumbo limits now…one is over $417k (jumbo conventional) and over $697.5k (jumbo). Which of those did you do?[/quote]
Based on the numbers given above it is below 697.5K.
Here’s why.
Savings of $150 per month
orignally 5.0%
new loan 4.625%.
To save $150 on this change in rate, the principal would have to be ~ $650 K.Plus getting 4.625%, 30-year fixed above the Jumbo conforming limit just does not seem feasible currently.
Participant[quote=jeeman]waterboy,
there are two jumbo limits now…one is over $417k (jumbo conventional) and over $697.5k (jumbo). Which of those did you do?[/quote]
Based on the numbers given above it is below 697.5K.
Here’s why.
Savings of $150 per month
orignally 5.0%
new loan 4.625%.
To save $150 on this change in rate, the principal would have to be ~ $650 K.Plus getting 4.625%, 30-year fixed above the Jumbo conforming limit just does not seem feasible currently.
Participant[quote=jeeman]waterboy,
there are two jumbo limits now…one is over $417k (jumbo conventional) and over $697.5k (jumbo). Which of those did you do?[/quote]
Based on the numbers given above it is below 697.5K.
Here’s why.
Savings of $150 per month
orignally 5.0%
new loan 4.625%.
To save $150 on this change in rate, the principal would have to be ~ $650 K.Plus getting 4.625%, 30-year fixed above the Jumbo conforming limit just does not seem feasible currently.
ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
ParticipantStep back, and forget about all path that got you here. Forget about all the promises and tax credits.
Is it a good deal at 300K ?
If not, back out and move on.
Either way, make sure you have representation (lawyer or agent) so that you are not getting scammed.
ParticipantStep back, and forget about all path that got you here. Forget about all the promises and tax credits.
Is it a good deal at 300K ?
If not, back out and move on.
Either way, make sure you have representation (lawyer or agent) so that you are not getting scammed.
ParticipantStep back, and forget about all path that got you here. Forget about all the promises and tax credits.
Is it a good deal at 300K ?
If not, back out and move on.
Either way, make sure you have representation (lawyer or agent) so that you are not getting scammed.
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