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NotCranky
Participant“The question I keep tossing around in my head is – should
I refinance now to a 30 year fixed? Or hold off until next year and see how everything is possibly locking in a lower rate? And who knows what an election year/bailout/who knows scenario may unfold.””The thing I have been most wrong about in my expectations related to the market is interest rates.We ahve ahd very good rates for many years now. I thought they would have pushed significantly higher by now. It seems like it is not a matter or if but when. All this modification and freeze stuff could be causing a temporary delay in the inevitable. I think it would be hard to let current market rates go up while they are freezing and modifying in downward fashion, terms of existing notes in a very non-free market manner.I think there would be a pretty big backlash against that.
I have read FormerSanDiegans post and agree you should really crunch the numbers on your possible interest expenses with your current note terms. Fixed mortgage money is near historical lows now, so all theories aside, if you are going to refi-in the next couple of years, and plan on keeping the property indefinitely, I would not see it worth the the gamble of putting it into the future if the numbers crunch in favor of a refinance now.
Participant“The question I keep tossing around in my head is – should
I refinance now to a 30 year fixed? Or hold off until next year and see how everything is possibly locking in a lower rate? And who knows what an election year/bailout/who knows scenario may unfold.””The thing I have been most wrong about in my expectations related to the market is interest rates.We ahve ahd very good rates for many years now. I thought they would have pushed significantly higher by now. It seems like it is not a matter or if but when. All this modification and freeze stuff could be causing a temporary delay in the inevitable. I think it would be hard to let current market rates go up while they are freezing and modifying in downward fashion, terms of existing notes in a very non-free market manner.I think there would be a pretty big backlash against that.
I have read FormerSanDiegans post and agree you should really crunch the numbers on your possible interest expenses with your current note terms. Fixed mortgage money is near historical lows now, so all theories aside, if you are going to refi-in the next couple of years, and plan on keeping the property indefinitely, I would not see it worth the the gamble of putting it into the future if the numbers crunch in favor of a refinance now.
Participant“The question I keep tossing around in my head is – should
I refinance now to a 30 year fixed? Or hold off until next year and see how everything is possibly locking in a lower rate? And who knows what an election year/bailout/who knows scenario may unfold.””The thing I have been most wrong about in my expectations related to the market is interest rates.We ahve ahd very good rates for many years now. I thought they would have pushed significantly higher by now. It seems like it is not a matter or if but when. All this modification and freeze stuff could be causing a temporary delay in the inevitable. I think it would be hard to let current market rates go up while they are freezing and modifying in downward fashion, terms of existing notes in a very non-free market manner.I think there would be a pretty big backlash against that.
I have read FormerSanDiegans post and agree you should really crunch the numbers on your possible interest expenses with your current note terms. Fixed mortgage money is near historical lows now, so all theories aside, if you are going to refi-in the next couple of years, and plan on keeping the property indefinitely, I would not see it worth the the gamble of putting it into the future if the numbers crunch in favor of a refinance now.
Participant“The question I keep tossing around in my head is – should
I refinance now to a 30 year fixed? Or hold off until next year and see how everything is possibly locking in a lower rate? And who knows what an election year/bailout/who knows scenario may unfold.””The thing I have been most wrong about in my expectations related to the market is interest rates.We ahve ahd very good rates for many years now. I thought they would have pushed significantly higher by now. It seems like it is not a matter or if but when. All this modification and freeze stuff could be causing a temporary delay in the inevitable. I think it would be hard to let current market rates go up while they are freezing and modifying in downward fashion, terms of existing notes in a very non-free market manner.I think there would be a pretty big backlash against that.
I have read FormerSanDiegans post and agree you should really crunch the numbers on your possible interest expenses with your current note terms. Fixed mortgage money is near historical lows now, so all theories aside, if you are going to refi-in the next couple of years, and plan on keeping the property indefinitely, I would not see it worth the the gamble of putting it into the future if the numbers crunch in favor of a refinance now.
Participant“The question I keep tossing around in my head is – should
I refinance now to a 30 year fixed? Or hold off until next year and see how everything is possibly locking in a lower rate? And who knows what an election year/bailout/who knows scenario may unfold.””The thing I have been most wrong about in my expectations related to the market is interest rates.We ahve ahd very good rates for many years now. I thought they would have pushed significantly higher by now. It seems like it is not a matter or if but when. All this modification and freeze stuff could be causing a temporary delay in the inevitable. I think it would be hard to let current market rates go up while they are freezing and modifying in downward fashion, terms of existing notes in a very non-free market manner.I think there would be a pretty big backlash against that.
I have read FormerSanDiegans post and agree you should really crunch the numbers on your possible interest expenses with your current note terms. Fixed mortgage money is near historical lows now, so all theories aside, if you are going to refi-in the next couple of years, and plan on keeping the property indefinitely, I would not see it worth the the gamble of putting it into the future if the numbers crunch in favor of a refinance now.
ParticipantYou are not crazy. You just need some time to work it out.These thing are very complex and you are making it into a good learning experience with appropriate doses of caution. Nobody in your shoes could do better.
ParticipantYou are not crazy. You just need some time to work it out.These thing are very complex and you are making it into a good learning experience with appropriate doses of caution. Nobody in your shoes could do better.
ParticipantYou are not crazy. You just need some time to work it out.These thing are very complex and you are making it into a good learning experience with appropriate doses of caution. Nobody in your shoes could do better.
ParticipantYou are not crazy. You just need some time to work it out.These thing are very complex and you are making it into a good learning experience with appropriate doses of caution. Nobody in your shoes could do better.
ParticipantYou are not crazy. You just need some time to work it out.These thing are very complex and you are making it into a good learning experience with appropriate doses of caution. Nobody in your shoes could do better.
ParticipantI do think treatment makes some sense. I am more up on the construction and real estate related issues than prevention.
There are evidently two types of termites or perhaps it is two different life stages of the same critter. In any case, there is the subterranean type, these live in the mud and crawl up the walls to eat the studs and those that fly into the attic and such places and enter unpainted or poorly maintained trim areas, under roof shingles etc. Sounds like you might have the subterranean type at the patio. You want to kill them for sure. I have poured bleach in the nests and any accessible areas and believe to have set them back a little that way. I think, but am not sure, that with the nest destroyed the guys left in the wall die.
It might not be a bad idea to have your parents get a couple of inspections, w/o tipping off the termite co’s chosen, that you are getting more than one inspection .Unfortunately, the public, including myself, is at a bit of a disadvantage when it comes to dealing with termite companies. The inspectors evidently have x-ray vision and can see dollars in the walls. Kind of kidding, you just have to watch what they are doing and ask for complete explanations.
ParticipantI do think treatment makes some sense. I am more up on the construction and real estate related issues than prevention.
There are evidently two types of termites or perhaps it is two different life stages of the same critter. In any case, there is the subterranean type, these live in the mud and crawl up the walls to eat the studs and those that fly into the attic and such places and enter unpainted or poorly maintained trim areas, under roof shingles etc. Sounds like you might have the subterranean type at the patio. You want to kill them for sure. I have poured bleach in the nests and any accessible areas and believe to have set them back a little that way. I think, but am not sure, that with the nest destroyed the guys left in the wall die.
It might not be a bad idea to have your parents get a couple of inspections, w/o tipping off the termite co’s chosen, that you are getting more than one inspection .Unfortunately, the public, including myself, is at a bit of a disadvantage when it comes to dealing with termite companies. The inspectors evidently have x-ray vision and can see dollars in the walls. Kind of kidding, you just have to watch what they are doing and ask for complete explanations.
ParticipantI do think treatment makes some sense. I am more up on the construction and real estate related issues than prevention.
There are evidently two types of termites or perhaps it is two different life stages of the same critter. In any case, there is the subterranean type, these live in the mud and crawl up the walls to eat the studs and those that fly into the attic and such places and enter unpainted or poorly maintained trim areas, under roof shingles etc. Sounds like you might have the subterranean type at the patio. You want to kill them for sure. I have poured bleach in the nests and any accessible areas and believe to have set them back a little that way. I think, but am not sure, that with the nest destroyed the guys left in the wall die.
It might not be a bad idea to have your parents get a couple of inspections, w/o tipping off the termite co’s chosen, that you are getting more than one inspection .Unfortunately, the public, including myself, is at a bit of a disadvantage when it comes to dealing with termite companies. The inspectors evidently have x-ray vision and can see dollars in the walls. Kind of kidding, you just have to watch what they are doing and ask for complete explanations.
ParticipantI do think treatment makes some sense. I am more up on the construction and real estate related issues than prevention.
There are evidently two types of termites or perhaps it is two different life stages of the same critter. In any case, there is the subterranean type, these live in the mud and crawl up the walls to eat the studs and those that fly into the attic and such places and enter unpainted or poorly maintained trim areas, under roof shingles etc. Sounds like you might have the subterranean type at the patio. You want to kill them for sure. I have poured bleach in the nests and any accessible areas and believe to have set them back a little that way. I think, but am not sure, that with the nest destroyed the guys left in the wall die.
It might not be a bad idea to have your parents get a couple of inspections, w/o tipping off the termite co’s chosen, that you are getting more than one inspection .Unfortunately, the public, including myself, is at a bit of a disadvantage when it comes to dealing with termite companies. The inspectors evidently have x-ray vision and can see dollars in the walls. Kind of kidding, you just have to watch what they are doing and ask for complete explanations.
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