0
Fico
Started by Actuary, Apr 30 2006 02:44 PM
12 replies to this topic
#2
cuddlemonkey
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Posted 30 April 2006 - 03:14 PM
Skip to the end...
#3
Golden
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Posted 30 April 2006 - 05:17 PM
I have no idea what you're talking about but,
Hell yeah, bitches!
Hell yeah, bitches!
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#4
Got The Nutz
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Posted 30 April 2006 - 05:58 PM
well let me be the first to say......
+1
+1
Christian Umlauf
#5
CrackofmyACE
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Posted 01 May 2006 - 07:33 AM
I'm in the mortgage business... need a refi?
QUOTE(Royal_Tour @ Thursday, September 21st, 2006, 8:30 PM) 
crack, lets run away together
Hey Crack, how did you get that avatar?
#6
MisterB
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Posted 01 May 2006 - 07:40 AM
QUOTE (CrackofmyACE @ Monday, May 1st, 2006, 11:33 AM) <{POST_SNAPBACK}>
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
QUOTE(JoeyJoJo @ Tuesday, October 2nd, 2007, 7:21 PM)
MisterB - Tired of getting b-bombed? Well now you can return the favor! With MisterB in the calendar, you'll have at least 30 days to practice your technique. A vote for MisterB is a vote for big belt buckles everywhere.
#7
Jeepster80125
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Posted 01 May 2006 - 07:45 AM
QUOTE (MisterB @ Monday, May 1st, 2006, 3:40 PM) <{POST_SNAPBACK}>
whatever he quotes you ill drop an 1/8th... and on top of that ill send you a $50 Visa Gift Card
And whatever he quotes, I'll drop trou for you to service me. Great Deal!
QUOTE (Spademan @ Friday, May 22nd, 2009, 4:24 PM) <{POST_SNAPBACK}>
We are both being judgmental, the only difference is my judgments are well reasoned, well presented and actually have something to do with reality whereas yours are inane assumption wrapped in a steaming pile of contradiction.
#8
Actuary
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Posted 01 May 2006 - 07:48 AM
QUOTE (CrackofmyACE @ Monday, May 1st, 2006, 7:33 AM) <{POST_SNAPBACK}>
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 ARM
Mrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr Fixed
My 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....
#9
mk
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nord-américain racaille
Posted 01 May 2006 - 08:12 AM
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.
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.
#10
Actuary
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Posted 01 May 2006 - 08:21 AM
QUOTE (mk @ Monday, May 1st, 2006, 8:12 AM) <{POST_SNAPBACK}>
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.
#11
MisterB
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Posted 01 May 2006 - 08:41 AM
QUOTE (Actuary @ Monday, May 1st, 2006, 11:48 AM) <{POST_SNAPBACK}>
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 ARM
Mrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr Fixed
My 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....
First home.
We got in with 5% down and 2 Mortgages.
Mrtg 1: 80% Laon, @ 4.875% 7-1 ARM
Mrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr Fixed
My 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
QUOTE(JoeyJoJo @ Tuesday, October 2nd, 2007, 7:21 PM)
MisterB - Tired of getting b-bombed? Well now you can return the favor! With MisterB in the calendar, you'll have at least 30 days to practice your technique. A vote for MisterB is a vote for big belt buckles everywhere.
#12
CrackofmyACE
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Posted 01 May 2006 - 11:37 AM
QUOTE (MisterB @ Monday, May 1st, 2006, 12:41 PM) <{POST_SNAPBACK}>
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
Agreed.
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.
QUOTE(Royal_Tour @ Thursday, September 21st, 2006, 8:30 PM)
crack, lets run away together
Hey Crack, how did you get that avatar?
#13
ricker
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Posted 01 May 2006 - 04:25 PM
QUOTE (Actuary @ Monday, May 1st, 2006, 8:48 AM) <{POST_SNAPBACK}>
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 ARM
Mrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr Fixed
My 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....
First home.
We got in with 5% down and 2 Mortgages.
Mrtg 1: 80% Laon, @ 4.875% 7-1 ARM
Mrtg 2: 15% (to bypass PMI) @ 8.25% 15 yr Fixed
My 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.
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