MazeRat7
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Sat Dec-13-08 07:41 PM
Response to Original message |
| 12. Refinancing is a "new loan", typically with a different lender... why wouldn't any of us qualify ? |
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I know I will try. I'm locked in around 5.7% on a 30-yr fixed. If there is even a chance I would get another percentage point off it would be worth it since I plan to be here a really long time and I've got about 50% equity (yes it used to be more, but we all know existing home prices are down).
Peace,
MZr7
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| -CNN "Money Team" : Mortgage rates could fall BELOW 4% |
SoCalDem |
Dec-13-08 01:05 PM |
#0 |
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It will be a repeat of the housing bubble from the last few years. |
theoldman |
Dec-13-08 01:14 PM |
#1 |
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Those with cash always do better when times are bad. |
BeatleBoot |
Dec-13-08 01:22 PM |
#2 |
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It can drop to zero.... |
AnneD |
Dec-13-08 01:27 PM |
#3 |
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I don't see the residential housing market as attracting "investors", rich or otherwise, |
gristy |
Dec-13-08 01:27 PM |
#4 |
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Foreclosed homes, bought on the cheap make pretty good investments |
SoCalDem |
Dec-13-08 01:32 PM |
#5 |
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OK. I guess this would be a good thing, too. Helps put a floor on the market. |
gristy |
Dec-13-08 02:07 PM |
#7 |
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With so many losing their jobs it makes the "fear factor" kind of outweigh |
KoKo01 |
Dec-13-08 11:02 PM |
#24 |
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So could I essentially swap houses with my next door neighbor? |
GoesTo11 |
Dec-13-08 02:04 PM |
#6 |
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except for the fact that even with lowered rates, MANY people could still not "afford" |
SoCalDem |
Dec-13-08 02:12 PM |
#8 |
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OTOH, it will make it easier for people facing foreclosure to sell their homes. |
Kristi1696 |
Dec-13-08 02:21 PM |
#9 |
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My FHA adjustable just went down 1%... |
3waygeek |
Dec-13-08 03:25 PM |
#10 |
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shh....some of us don't want to hear stuff like that! |
earthlover |
Dec-13-08 07:25 PM |
#11 |
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Refinancing is a "new loan", typically with a different lender... why wouldn't any of us qualify ? |
MazeRat7 |
Dec-13-08 07:41 PM |
#12 |
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I think this is geared towards regular buyers, not investors. |
genevat |
Dec-13-08 07:47 PM |
#13 |
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Not for re-fi's eh? ... Rats!!! n/t |
MazeRat7 |
Dec-13-08 07:52 PM |
#14 |
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Nope. Sorry. That's what my mortgage broker said. I just re-fi-ed at 5.6% |
genevat |
Dec-13-08 07:58 PM |
#15 |
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Well I'm at 5.7 so I shouldn't bitch, but I would have liked a much lower rate... n/t |
MazeRat7 |
Dec-13-08 08:03 PM |
#16 |
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I came down from 6.3, and I could have gotten lower than 5.6... |
genevat |
Dec-13-08 08:07 PM |
#17 |
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Every bit helps... |
MazeRat7 |
Dec-13-08 08:16 PM |
#18 |
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Hey thanks. |
genevat |
Dec-13-08 10:07 PM |
#19 |
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I wish I could refinance... I'm at 6.25 and we have excellent credit... |
Writer |
Dec-13-08 10:31 PM |
#21 |
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Doesn't hurt to ask! nt |
genevat |
Dec-13-08 10:42 PM |
#23 |
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Who will qualify for those mortgages? Not just the rich |
notesdev |
Dec-13-08 10:27 PM |
#20 |
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Totally Wrong. It Will Totally Stimulate The Home Buying Market For Regular Home Buyers. |
OPERATIONMINDCRIME |
Dec-13-08 10:40 PM |
#22 |
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