Consumption and Real Estate
Posts tagged wait
should i lock in my variable rate 2nd mortgage now to a fixed rate, or wait for interest rates to fall more?
11 year ago
by admin
in Loans & Mortgages
Question : should i lock in my variable rate 2nd mortgage now to a fixed rate, or wait for interest rates to fall more? I have been paying only interest on an ING Orange mortgage for months, on 56,000. loan, and i can convert it to a fixed rate 15 year loan anytime i choose. my payments would be about $ 450.00 mo if I do it now. any smart suggestions on waiting for lower interest rate in few months or doing it now? (I’ve googled trends and frankly it is confusing) 2nd mortgage rates
Best answer:
Answer by JudyI honestly don’t see interest rates getting any lower. Eventually they will start More >
Bank rates when down, how long should I wait b4 checking on refi a mortgage. Should I check right away?
21 year ago
by admin
in Loans & Mortgages
Question : Bank rates when down, how long should I wait b4 checking on refi a mortgage. Should I check right away? What steps do I take? Do I check rates online? Call the bank I currently have mortgage with? refi rates
Best answer:
Answer by ButchIf you like the current loan, by all means call the bank you currently have a loan with. There are many different places to check out current rates for mortgages Just be careful and look at the points the lenders charge for those rates. You might think a lender has a good rate, but it is because you will be paying a lot up front for that rate. It More >
San Francisco Bay Area Real Estate: Buy now or wait until the end?
01 year ago
by admin
in Property Management
probably the most popular real estate debate today revolves around the San Francisco Bay Area home sales market in the region and whether or not now is a good time to buy a house. With the recent market most buyers are sitting next attempted to weigh the advantages and disadvantages of the jump in the water seemingly unpredictable and turbulent. While property prices and home sales are national, is the market in the Bay of San Francisco a bit of an anomaly. According to DataQuick Information Systems, a real estate research, although fewer properties for sale in the Bay Area, property and More >
How long should I wait after the Feds drop interest rates to refinance my home?
11 year ago
by admin
in Loans & Mortgages
Question : How long should I wait after the Feds drop interest rates to refinance my home? I highly doubt feds will drop rates again, so how long should I wait to refinance after this last drop? home refinance rates
Best answer:
Answer by klstuart26The rate that the FEDS are dropping does not affect mortgage rates unless you have an ARM. If you look at rates for mortgages they are the rise. If you are thinking of refinancing, make sure that it is cost effective for you to do so and do it now! Have fun!
I was planning on having my basement finished. Could I wait to have the stamped decorative concrete floor done?
31 year ago
by admin
in House Plans
Question : I was planning on having my basement finished. Could I wait to have the stamped decorative concrete floor done? until after the walls are framed out and sheetrocked and painted and the drop ceiling installed? It would make it a lot easier as far as painting and dealing with any mess. Does this work to do the stamped concrete after everything else?
In general, does the type of flooring you are choosing affect the order in which you would proceed in finishing a basement? finished basement floor plans
Best answer:
Answer by shownuffinishing off the floor after everything else is done More >
My 5/1 arm will reset in 18 months, should I refinance home mortgage now, or wait for few more months?
31 year ago
by admin
in Loans & Mortgages
Question : My 5/1 arm will reset in 18 months, should I refinance home mortgage now, or wait for few more months? Current rate of ARM interest is 5.125%. Would it better to go for 6.75% mortgage refinance at no closing costs, if I am planning to live in the same house for next 7 to 10 years? refinance my home
Best answer:
Answer by ProbankerA much lower rate with cosing costs wrapped into the loan would save you thousands in the long run. Unfortunately, I cant predict what rates will do in the future but can tell you they are the lowest Ive seen them in a few years. I am employed by one of More >
How low should I wait for mortgage rates to go before refi?
21 year ago
by admin
in Loans & Mortgages
Question : How low should I wait for mortgage rates to go before refi? I live near Seattle, WA. I have a single family house rental property currently at 6.875% with a major national lender. I notice from their rate notification emails that their rate for a 30-year fixed has gone down to 4.625. I realize that a rental property would probably warrant a higher rate than an owner occupied home. But should I refi now or wait and see if rates drop more? refi rates
Best answer:
Answer by glennI own several rental properties and have been told by several mortgage companies that even though I More >
after we pay off debt whats the shortest time we should wait to prequalify for a mortgage?
51 year ago
by admin
in Loans & Mortgages
Question : after we pay off debt whats the shortest time we should wait to prequalify for a mortgage? we already got approved for a 270,000 but the broker said because of our score we DID qualify for the government loan BUT the payment will be over 2000. i didnt ask him but if we paid our debt off next week (ill be running into owed money) then how long should we wait before we apply? we were hoping to try and get a mortgage that would be between 1800-1950 nothing more. ALSO do all brokers try the same loans, in other owrds should we try a different broker or its not the broker its ONLY our More >