- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Mortgage Rate Shoppers
Posted on 5/17/12 at 10:19 am to lapistola
Posted on 5/17/12 at 10:19 am to lapistola
the only differernce between putting 10% down and 20% down besides payment is PMI. if you are not going to put down 20% then i would not worry about the difference between 11% and 16%. As far as rates go a year from now. i think they will be within .5% of what they are now. I will start to worry about rates when the FED moves it up, they have said they are keeping it low until 2014.
1
Posted on 5/17/12 at 10:23 am to C
what are you going to do with that libor arm when the rate starts to go up in 2-3 years?
Posted on 5/17/12 at 10:39 am to hawkeye007
quote:
libor arm when the rate starts to go up in 2-3 years?
I don't think I'll be here in 5 years. For a 3 year window, say I average 2%. That means I'll save about 30% in interest payments each month. I'll also have more flexibity with my cash because I'm not having to stick about 3x my interest payment in escrow and principle. I'll spend more on lunches than I will on my house payment for the next 3 years. that's pretty good in my book.
Posted on 5/17/12 at 1:54 pm to hawkeye007
So just take the plunge now I guess. Awesome, thanks for the info!
Posted on 5/17/12 at 2:34 pm to lapistola
take the plunge. btw rates just hit 3.5% on a 30yr call you guy asap
Posted on 5/17/12 at 2:36 pm to C
i wish you the best with the libor, of all the arms its is the best one to have..know you just need obama to get re-elected for 4 more years to make it all work out for you!! just messing with you!
Posted on 5/17/12 at 3:12 pm to hawkeye007
quote:
take the plunge. btw rates just hit 3.5% on a 30yr call you guy asap
Damn, we're leaning towards building right now so unfortunately it will probably be a slightly longer process.
Posted on 5/17/12 at 4:35 pm to lapistola
dont sweat it rate's are a rollercoaster
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News