He is qualified. I have multiple pm's exchanged with him and he is referring a lawyer to me regarding a legal matter.Dauntless wrote:
Who are you and why should I ask you for advice?
(Not to be a douche or anything, just wanted to know if you had any qualifications or anything.)
Last edited by Harmor (2009-01-26 19:49:56)
Believe it or not, invest in the stock market. With prices being so low you have to remember it is about volume right now and not value. Thats the key. Stay away from retail at the moment and focus more on aerospace, solar, and other companies involving technology. Any sort of investment is not designed to make you rich instantly, you have to realize this when you invest in the first place. If you are not willing to make long term commitments then stuff your cash elsewhere. Right now you can buy almost twice as many shares than normally which will contribute to a relatively secure future in 20 - 30 years. And being so cheap if all of your investments were to tank you wouldnt lose much. Besides, commodities like oil and gold are what determines the markets value. In other words, they don't necessarily change in price (even though they do), they just force every thing around them to swing and meet their value. We have all heard the expression of being diversified. It holds true, don't put everything into one basket because that is how people become financially ruined. Spread it out so your risk of loss is minimal and be patient, I promise reward will come.Vilham wrote:
Is gold or oil a good investment atm?
Just have experiance, in the business of loans and was bored yesterday..Dauntless wrote:
Who are you and why should I ask you for advice?
(Not to be a douche or anything, just wanted to know if you had any qualifications or anything.)
Well the condition of the house has allot to do with the home value. Something that was built in the past 20 years is going to be valued higher then something that was built 100 years ago.Freke1 wrote:
How come house prices go up (normally)? Everything else gets cheaper when it's used and old.
Well the problem with your situation is that the mod that you did probably showed a huge negative.. If they do a loan mod for someone who can't afford it even at a great rate they're just going to lose money.. They are giant dick holes, but they'd rather pull the band aid and get it done with then keep you in the house for longer and lose money in the long run.ATG wrote:
If banks are settling for 50 cent on the dollar for properties why are they being such fucking dickholes about modifying my mortgage when it come to market value vrs. purchase price? A lower interest rate is fine, but they aren't doing anything else until they see what O will do.
1He is qualified. I have multiple pm's exchanged with him and he is referring a lawyer to me regarding a legal matter.Dauntless wrote:
Who are you and why should I ask you for advice?
(Not to be a douche or anything, just wanted to know if you had any qualifications or anything.)
I thought you could ask yourself?Kmarion wrote:
Why are Realtors assholes?
Well a good portion of your closing cost are probably for the escrows.. You will receive that money back at the end of the 30 days(what ever is left over from your old escrow account, depending on the tax quater) at a 4.825 fixed rate you'll probably make your money back in under two years. Also most equity lines are adjustable so that rate probably has a cap around 11-12% since you have what seems to be a good situation you should probably refinance if you plan on staying in the home for a period of 5 or more years..Harmor wrote:
I have a mortgage for 5.625%. My home was last valued at $400,000. I have an equity-line of credit of $119,000 (@ 7.25% fixed 15 year) with $235,000 (23 years left on a 30), left on my mortgage.
My bank will only allow me to merge my Equity-line of credit into my mortgage at 80% of the value of my home. In the last 18 month my home went from ~$525,000 to $400,000 and is doesn't look like its going to be going up anytime soon.
Should I pay the $7,000 fee to refinance into a 4.825% loan? How long will it take me to recoop those fees?
I have an 808 Credit Rating.
Sorry not a home loan questions.. Not too sureHurricane2k9 wrote:
Are there any savings accounts I can get that will give me higher than a 3.00% interest rate without requiring like $5,000?
Also, when is interest compounded? My current savings account is 3.00% APY, when do I actually see the interest I've accrued end up in my account?
cpt.fass1 wrote:
Right now with all the problems with the economy I will answer any ones home loans questions.. I
there are no 100% mortgages at the moment, right now the best way is FHA for minimal down payment money.. You put down 3% or 2.25% if .75% of the closing cost isn't financed..Pubic wrote:
I'm going to try a cooking experiment in a few days. Should I chose:
A) The bacon weave roll with camambert cheese
or
B) The chicken breast with pistachio stuffing, wrapped in bacon
?
*re-reads OP*
Hmm fuck...finance stuff only...
What sort of deposit are banks in the US wanting at the moment? Are 100%+ mortgages still on offer?
well the MAJORITY of realtors aren't actually realtors they're bored housewives or part time people. So they're assholes because they really don't know what they are doing, or really care.. If you get a good realtor you're in luck..Kmarion wrote:
Why are Realtors assholes?
Yea, I've heard 20 percent of us make 80 percent of the money.cpt.fass1 wrote:
well the MAJORITY of realtors aren't actually realtors they're bored housewives or part time people. So they're assholes because they really don't know what they are doing, or really care.. If you get a good realtor you're in luck..Kmarion wrote:
Why are Realtors assholes?
You gotta love the ones that double dip. A broker can charge up to 5 points, but you got those shady realtor's that sell the house and setup the loan gaining double the fees.cpt.fass1 wrote:
well the MAJORITY of realtors aren't actually realtors they're bored housewives or part time people. So they're assholes because they really don't know what they are doing, or really care.. If you get a good realtor you're in luck..Kmarion wrote:
Why are Realtors assholes?