Forum Replies Created
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Raybyrnes
ParticipantNot suggesting anyone run out and buy but we are looking at lower costing homes and lower costing money. At some point you have to start to put a value on locking in a low fixed rate. The paper will beging to offset a portion on the over pay for the home.
For example I don’t particularly liek to pay retail price for a car but I might be willing to pay a slightly higher financed price when they are offereing me 72 months at 0 percent knowing that my own money will be earning me soem rate of retunr over that time and that the payment tomorrow will we worth less due to inflation.
ParticipantNot suggesting anyone run out and buy but we are looking at lower costing homes and lower costing money. At some point you have to start to put a value on locking in a low fixed rate. The paper will beging to offset a portion on the over pay for the home.
For example I don’t particularly liek to pay retail price for a car but I might be willing to pay a slightly higher financed price when they are offereing me 72 months at 0 percent knowing that my own money will be earning me soem rate of retunr over that time and that the payment tomorrow will we worth less due to inflation.
ParticipantNot suggesting anyone run out and buy but we are looking at lower costing homes and lower costing money. At some point you have to start to put a value on locking in a low fixed rate. The paper will beging to offset a portion on the over pay for the home.
For example I don’t particularly liek to pay retail price for a car but I might be willing to pay a slightly higher financed price when they are offereing me 72 months at 0 percent knowing that my own money will be earning me soem rate of retunr over that time and that the payment tomorrow will we worth less due to inflation.
ParticipantNot suggesting anyone run out and buy but we are looking at lower costing homes and lower costing money. At some point you have to start to put a value on locking in a low fixed rate. The paper will beging to offset a portion on the over pay for the home.
For example I don’t particularly liek to pay retail price for a car but I might be willing to pay a slightly higher financed price when they are offereing me 72 months at 0 percent knowing that my own money will be earning me soem rate of retunr over that time and that the payment tomorrow will we worth less due to inflation.
Participantbob007
Might want to see if you can negotiate a split with the broker on the 2.5 you are paying in points. Would be interested in HLS thoughts on this loan as it is something I ahve been keeping an eye out for with respect to my parents.
Participantbob007
Might want to see if you can negotiate a split with the broker on the 2.5 you are paying in points. Would be interested in HLS thoughts on this loan as it is something I ahve been keeping an eye out for with respect to my parents.
Participantbob007
Might want to see if you can negotiate a split with the broker on the 2.5 you are paying in points. Would be interested in HLS thoughts on this loan as it is something I ahve been keeping an eye out for with respect to my parents.
Participantbob007
Might want to see if you can negotiate a split with the broker on the 2.5 you are paying in points. Would be interested in HLS thoughts on this loan as it is something I ahve been keeping an eye out for with respect to my parents.
Participantbob007
Might want to see if you can negotiate a split with the broker on the 2.5 you are paying in points. Would be interested in HLS thoughts on this loan as it is something I ahve been keeping an eye out for with respect to my parents.
ParticipantThis raises a second question, Can you insure you loss of income in the event of the fire. If you are using the rensts to cover a portion of the mortgage then I would think that you would not only have to insure the property but would also have to carry a policy that would insure the income for 24 months. Otherwise you would need to carry a reserve equal to 2 years rent to offset this type of risk.
ParticipantThis raises a second question, Can you insure you loss of income in the event of the fire. If you are using the rensts to cover a portion of the mortgage then I would think that you would not only have to insure the property but would also have to carry a policy that would insure the income for 24 months. Otherwise you would need to carry a reserve equal to 2 years rent to offset this type of risk.
ParticipantThis raises a second question, Can you insure you loss of income in the event of the fire. If you are using the rensts to cover a portion of the mortgage then I would think that you would not only have to insure the property but would also have to carry a policy that would insure the income for 24 months. Otherwise you would need to carry a reserve equal to 2 years rent to offset this type of risk.
ParticipantThis raises a second question, Can you insure you loss of income in the event of the fire. If you are using the rensts to cover a portion of the mortgage then I would think that you would not only have to insure the property but would also have to carry a policy that would insure the income for 24 months. Otherwise you would need to carry a reserve equal to 2 years rent to offset this type of risk.
ParticipantThis raises a second question, Can you insure you loss of income in the event of the fire. If you are using the rensts to cover a portion of the mortgage then I would think that you would not only have to insure the property but would also have to carry a policy that would insure the income for 24 months. Otherwise you would need to carry a reserve equal to 2 years rent to offset this type of risk.
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