Actuary 3 Posted April 30, 2006 Share Posted April 30, 2006 775 Beeeeaaacthesszzz:D Link to post Share on other sites
cuddlemonkey 0 Posted April 30, 2006 Share Posted April 30, 2006 775 BeeeeaaacthesszzzWord, yo. Link to post Share on other sites
Golden 2 Posted May 1, 2006 Share Posted May 1, 2006 I have no idea what you're talking about but,Hell yeah, bitches! Link to post Share on other sites
Got The Nutz 0 Posted May 1, 2006 Share Posted May 1, 2006 well let me be the first to say......+1 Link to post Share on other sites
CrackofmyACE 1 Posted May 1, 2006 Share Posted May 1, 2006 I'm in the mortgage business... need a refi? Link to post Share on other sites
MisterB 2 Posted May 1, 2006 Share Posted May 1, 2006 I'm in the mortgage business... need a refi?whatever he quotes you ill drop an 1/8th... and on top of that ill send you a $50 Visa Gift Card Link to post Share on other sites
Jeepster80125 0 Posted May 1, 2006 Share Posted May 1, 2006 whatever he quotes you ill drop an 1/8th... and on top of that ill send you a $50 Visa Gift CardAnd whatever he quotes, I'll drop trou for you to service me. Great Deal! Link to post Share on other sites
Actuary 3 Posted May 1, 2006 Author Share Posted May 1, 2006 I'm in the mortgage business... need a refi?I'm 3 yrs into my Mortgage(s)First home.We got in with 5% down and 2 Mortgages.Mrtg 1: 80% Laon, @ 4.875% 7-1 ARMMrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr FixedMy effective Rate is now 5.38% based on the current loan balances.I don't see doing better right now, but am concerned with 4 yrs from now when the ARM is due to move. +/- up to 5% yr 7, and +/- 2% (I think) after that, capped at 9.875%.My FICO was not as high then.Current L/V is 89%, if no Appreciation is assumed.At 3% appreciation, its 81%... so we can consider traditional loans and no PMI, I'd suspect.I'm listening.... Link to post Share on other sites
mk 11 Posted May 1, 2006 Share Posted May 1, 2006 ARMs and IOs = dangerous anytime, particularly amidst a major housing bubble. people who have no business being involved in spec housing losing money on spec housing makes me laugh. i'll be ready to buy when they puke in 2-3 years. Link to post Share on other sites
Actuary 3 Posted May 1, 2006 Author Share Posted May 1, 2006 ARMs and IOs = dangerous anytime, particularly amidst a major housing bubble.I didn't think a 7-1 ARM was that speculative.Considering caps and time frame and Payment/Income ratio. Link to post Share on other sites
MisterB 2 Posted May 1, 2006 Share Posted May 1, 2006 I'm 3 yrs into my Mortgage(s)First home.We got in with 5% down and 2 Mortgages.Mrtg 1: 80% Laon, @ 4.875% 7-1 ARMMrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr FixedMy effective Rate is now 5.38% based on the current loan balances.I don't see doing better right now, but am concerned with 4 yrs from now when the ARM is due to move. +/- up to 5% yr 7, and +/- 2% (I think) after that, capped at 9.875%.My FICO was not as high then.Current L/V is 89%, if no Appreciation is assumed.At 3% appreciation, its 81%... so we can consider traditional loans and no PMI, I'd suspect.I'm listening....whoever tells you that could ever get you a better deal is bulls*&^%ting you... you have a great deal... especially based on todays rates... good one Link to post Share on other sites
CrackofmyACE 1 Posted May 1, 2006 Share Posted May 1, 2006 whoever tells you that could ever get you a better deal is bulls*&^%ting you... you have a great deal... especially based on todays rates... good oneAgreed.You got your rate at the perfect time... I'm guessing summer of 03 when they were at the all time low. I'd sit tight for a while... you're not going to get a better rate even with stellar credit. Link to post Share on other sites
ricker 0 Posted May 2, 2006 Share Posted May 2, 2006 I'm 3 yrs into my Mortgage(s)First home.We got in with 5% down and 2 Mortgages.Mrtg 1: 80% Laon, @ 4.875% 7-1 ARMMrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr FixedMy effective Rate is now 5.38% based on the current loan balances.I don't see doing better right now, but am concerned with 4 yrs from now when the ARM is due to move. +/- up to 5% yr 7, and +/- 2% (I think) after that, capped at 9.875%.My FICO was not as high then.Current L/V is 89%, if no Appreciation is assumed.At 3% appreciation, its 81%... so we can consider traditional loans and no PMI, I'd suspect.I'm listening....You could have written this in Chinese and I would have understood that better. Link to post Share on other sites
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