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no_such_reality
ParticipantSimple question:
Are you planning on selling in less than 5 years?
If yes, why buy at all?
If no, why consider a 5 year ARM when you’ll be exposed to three potential deal breakers: depreciation, higher rates, refinancing with fees & points.
ParticipantSimple question:
Are you planning on selling in less than 5 years?
If yes, why buy at all?
If no, why consider a 5 year ARM when you’ll be exposed to three potential deal breakers: depreciation, higher rates, refinancing with fees & points.
ParticipantSimple question:
Are you planning on selling in less than 5 years?
If yes, why buy at all?
If no, why consider a 5 year ARM when you’ll be exposed to three potential deal breakers: depreciation, higher rates, refinancing with fees & points.
ParticipantLet’s say you are a bank, back in late 2004, you loaned $500,000 to someone. They paid up until about June this year, then fell behind. As a bank which would you prefer?
a) Rework the loan for $550,000 for the next thirty years at 5%, which the bag-holders appear to have the capability of paying.
b) foreclose, liquidate the property for probably $400,000?
ParticipantLet’s say you are a bank, back in late 2004, you loaned $500,000 to someone. They paid up until about June this year, then fell behind. As a bank which would you prefer?
a) Rework the loan for $550,000 for the next thirty years at 5%, which the bag-holders appear to have the capability of paying.
b) foreclose, liquidate the property for probably $400,000?
ParticipantLet’s say you are a bank, back in late 2004, you loaned $500,000 to someone. They paid up until about June this year, then fell behind. As a bank which would you prefer?
a) Rework the loan for $550,000 for the next thirty years at 5%, which the bag-holders appear to have the capability of paying.
b) foreclose, liquidate the property for probably $400,000?
ParticipantLet’s say you are a bank, back in late 2004, you loaned $500,000 to someone. They paid up until about June this year, then fell behind. As a bank which would you prefer?
a) Rework the loan for $550,000 for the next thirty years at 5%, which the bag-holders appear to have the capability of paying.
b) foreclose, liquidate the property for probably $400,000?
ParticipantLet’s say you are a bank, back in late 2004, you loaned $500,000 to someone. They paid up until about June this year, then fell behind. As a bank which would you prefer?
a) Rework the loan for $550,000 for the next thirty years at 5%, which the bag-holders appear to have the capability of paying.
b) foreclose, liquidate the property for probably $400,000?
November 17, 2007 at 4:26 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100530ParticipantMust be a typo. It should say $139,000 – $144,000.
November 17, 2007 at 4:26 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100612ParticipantMust be a typo. It should say $139,000 – $144,000.
November 17, 2007 at 4:26 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100628ParticipantMust be a typo. It should say $139,000 – $144,000.
November 17, 2007 at 4:26 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100642ParticipantMust be a typo. It should say $139,000 – $144,000.
November 17, 2007 at 4:26 PM in reply to: DON’T BE SHY! SELLER WILL ENTERTAIN OFFERS BETWEEN $319,000 AND $404,000. #100645ParticipantMust be a typo. It should say $139,000 – $144,000.
ParticipantSimple, when paying the mortgage principle, interest, taxes and HOA is less then what it costs me to rent.
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