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NicMM
ParticipantSorry, I meant “confession”. You caught me, FSD
ParticipantHLS,
In the beginning I was thinking about getting a 30 yr fixed as it is now much better than I could expect a week ago. I should be very happy to go with it. But when I did the math, it temptations to find out that it is about $200 a month difference and with the same monthly payment of a 30 yr fixed, in the ARM case I can add the extra $200 to my principle paid and that will make $17000 difference of principle paid and interest saved over 5 years.
Also with all the mortgage bail out chaos in past year, I really incline to believe that the government would like to yield over average American’s need (I know this confess will subject to a lot of laughters). See first the government increased the conforming limit; then when the mortgage industry answered it with a “conforming jumbo”, then the government took measures to get rid of that and make sure the policy be carried out. A week ago people all worried about the mortgage interest hike, and no one expected the drop. This let me start to double if my view was too pessimistic and conservative. That’s why I posted here to hear some advice.
ParticipantHLS,
In the beginning I was thinking about getting a 30 yr fixed as it is now much better than I could expect a week ago. I should be very happy to go with it. But when I did the math, it temptations to find out that it is about $200 a month difference and with the same monthly payment of a 30 yr fixed, in the ARM case I can add the extra $200 to my principle paid and that will make $17000 difference of principle paid and interest saved over 5 years.
Also with all the mortgage bail out chaos in past year, I really incline to believe that the government would like to yield over average American’s need (I know this confess will subject to a lot of laughters). See first the government increased the conforming limit; then when the mortgage industry answered it with a “conforming jumbo”, then the government took measures to get rid of that and make sure the policy be carried out. A week ago people all worried about the mortgage interest hike, and no one expected the drop. This let me start to double if my view was too pessimistic and conservative. That’s why I posted here to hear some advice.
ParticipantHLS,
In the beginning I was thinking about getting a 30 yr fixed as it is now much better than I could expect a week ago. I should be very happy to go with it. But when I did the math, it temptations to find out that it is about $200 a month difference and with the same monthly payment of a 30 yr fixed, in the ARM case I can add the extra $200 to my principle paid and that will make $17000 difference of principle paid and interest saved over 5 years.
Also with all the mortgage bail out chaos in past year, I really incline to believe that the government would like to yield over average American’s need (I know this confess will subject to a lot of laughters). See first the government increased the conforming limit; then when the mortgage industry answered it with a “conforming jumbo”, then the government took measures to get rid of that and make sure the policy be carried out. A week ago people all worried about the mortgage interest hike, and no one expected the drop. This let me start to double if my view was too pessimistic and conservative. That’s why I posted here to hear some advice.
ParticipantHLS,
In the beginning I was thinking about getting a 30 yr fixed as it is now much better than I could expect a week ago. I should be very happy to go with it. But when I did the math, it temptations to find out that it is about $200 a month difference and with the same monthly payment of a 30 yr fixed, in the ARM case I can add the extra $200 to my principle paid and that will make $17000 difference of principle paid and interest saved over 5 years.
Also with all the mortgage bail out chaos in past year, I really incline to believe that the government would like to yield over average American’s need (I know this confess will subject to a lot of laughters). See first the government increased the conforming limit; then when the mortgage industry answered it with a “conforming jumbo”, then the government took measures to get rid of that and make sure the policy be carried out. A week ago people all worried about the mortgage interest hike, and no one expected the drop. This let me start to double if my view was too pessimistic and conservative. That’s why I posted here to hear some advice.
ParticipantHLS,
In the beginning I was thinking about getting a 30 yr fixed as it is now much better than I could expect a week ago. I should be very happy to go with it. But when I did the math, it temptations to find out that it is about $200 a month difference and with the same monthly payment of a 30 yr fixed, in the ARM case I can add the extra $200 to my principle paid and that will make $17000 difference of principle paid and interest saved over 5 years.
Also with all the mortgage bail out chaos in past year, I really incline to believe that the government would like to yield over average American’s need (I know this confess will subject to a lot of laughters). See first the government increased the conforming limit; then when the mortgage industry answered it with a “conforming jumbo”, then the government took measures to get rid of that and make sure the policy be carried out. A week ago people all worried about the mortgage interest hike, and no one expected the drop. This let me start to double if my view was too pessimistic and conservative. That’s why I posted here to hear some advice.
Participant30 yr Fixed or 5 yr ARM? This is a question I want to consult the mortgage experts and shrewd Piggs here.
Given 30 year fixed as 5.875% (no fee no cost) for a conforming jumbo loan and 5 year ARM as 5.375% (no fee no cost), what should people choose when they need to refinance?Participant30 yr Fixed or 5 yr ARM? This is a question I want to consult the mortgage experts and shrewd Piggs here.
Given 30 year fixed as 5.875% (no fee no cost) for a conforming jumbo loan and 5 year ARM as 5.375% (no fee no cost), what should people choose when they need to refinance?Participant30 yr Fixed or 5 yr ARM? This is a question I want to consult the mortgage experts and shrewd Piggs here.
Given 30 year fixed as 5.875% (no fee no cost) for a conforming jumbo loan and 5 year ARM as 5.375% (no fee no cost), what should people choose when they need to refinance?Participant30 yr Fixed or 5 yr ARM? This is a question I want to consult the mortgage experts and shrewd Piggs here.
Given 30 year fixed as 5.875% (no fee no cost) for a conforming jumbo loan and 5 year ARM as 5.375% (no fee no cost), what should people choose when they need to refinance?Participant30 yr Fixed or 5 yr ARM? This is a question I want to consult the mortgage experts and shrewd Piggs here.
Given 30 year fixed as 5.875% (no fee no cost) for a conforming jumbo loan and 5 year ARM as 5.375% (no fee no cost), what should people choose when they need to refinance?May 1, 2008 at 3:05 PM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #197337ParticipantIt is a tube system that is embedded in the lower bottom of the walls for injection of pesticide.
When a house grows old and has termites, owner can easily have someone inject pesticide through it without vacant the home.May 1, 2008 at 3:05 PM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #197373ParticipantIt is a tube system that is embedded in the lower bottom of the walls for injection of pesticide.
When a house grows old and has termites, owner can easily have someone inject pesticide through it without vacant the home.May 1, 2008 at 3:05 PM in reply to: 4S Ranch–Comparison of Remaining 4 Builders of 3000 sq ft homes #197398ParticipantIt is a tube system that is embedded in the lower bottom of the walls for injection of pesticide.
When a house grows old and has termites, owner can easily have someone inject pesticide through it without vacant the home. -
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