IDBillzFan Posted March 28, 2006 Share Posted March 28, 2006 I disagree. Most realtors would like to sell you your next home. Mortgage brokers don't give a chit if they ever see you again. Actually they'd probably prefer you just went away once they got your money. At least realtors send you those really neat note pads. 644086[/snapback] My broker actually went right to work getting me an outstanding home equity line, and calls/emails me every other month because I got a one-time no-charge refi with my loan so he touches base to let me know "Not yet...not yet...not yet." Exception to the rule I suspect, but he was a damn good dude (actually recommended by my realtor, which is typically a bad combination). Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted March 28, 2006 Share Posted March 28, 2006 My broker actually went right to work getting me an outstanding home equity line, and calls/emails me every other month because I got a one-time no-charge refi with my loan so he touches base to let me know "Not yet...not yet...not yet." Exception to the rule I suspect, but he was a damn good dude (actually recommended by my realtor, which is typically a bad combination). 644258[/snapback] You were lucky as hell. I've never heard of a single broker in DC who wasn't pond scum. I'm sure it's like everything else, though: for every good broker, there's 25 who don't see "customers" but "marks", and the good ones' image suffers for it. Link to comment Share on other sites More sharing options...
plenzmd1 Posted March 28, 2006 Share Posted March 28, 2006 My broker actually went right to work getting me an outstanding home equity line, and calls/emails me every other month because I got a one-time no-charge refi with my loan so he touches base to let me know "Not yet...not yet...not yet." Exception to the rule I suspect, but he was a damn good dude (actually recommended by my realtor, which is typically a bad combination). 644258[/snapback] LA, have not the interest rates kept going up on the equity lines? I am pretty sure mine has gone from like 3.9% to close to 7% in the last 18 months, but my wifey poo takes care of all the bills so she would know exact. My only mistake in my real estate transactions , and its 100% my fault, was always getting a fixed 30 yr loan. Moved so much prolly paid an extra 30K over the last ten yrs .But our family was forced to move in the late 70s (love canal) when rates were in the high teens, and i've always been terrified of that happening again. Even my equity line, although small, scares me that I have that exposure. Link to comment Share on other sites More sharing options...
IDBillzFan Posted March 28, 2006 Share Posted March 28, 2006 LA, have not the interest rates kept going up on the equity lines? I am pretty sure mine has gone from like 3.9% to close to 7% in the last 18 months, but my wifey poo takes care of all the bills so she would know exact. My only mistake in my real estate transactions , and its 100% my fault, was always getting a fixed 30 yr loan. Moved so much prolly paid an extra 30K over the last ten yrs .But our family was forced to move in the late 70s (love canal) when rates were in the high teens, and i've always been terrified of that happening again. Even my equity line, although small, scares me that I have that exposure. 644320[/snapback] You probably also got a low intro rate for the first six months or so. My home equity line is a half point under prime, which is in the 7% range, but I only use it as a line of protection or help my business if it's a bad month (which we haven't had to do yet, fortunately) so my issue wasn't so much the rate as it was the amount. There's no single answer for the best mortgage to get. The smart folks were the ones who locked in those ridiculous rates a few years ago. My last mortgage was a 5yr fixed rate of 3.85%. Link to comment Share on other sites More sharing options...
Chef Jim Posted March 28, 2006 Share Posted March 28, 2006 You probably also got a low intro rate for the first six months or so. My home equity line is a half point under prime, which is in the 7% range, but I only use it as a line of protection or help my business if it's a bad month (which we haven't had to do yet, fortunately) so my issue wasn't so much the rate as it was the amount. There's no single answer for the best mortgage to get. The smart folks were the ones who locked in those ridiculous rates a few years ago. My last mortgage was a 5yr fixed rate of 3.85%. 644342[/snapback] I just locked mine in for 30 years. Rates still really have nowhere to go but up. I have nothing to worry about and I still have a historically low rate. And of course your broker is keeping touch with you. He wants to make sure you DO refi. Sure it's no cost to you but he's still getting paid. Link to comment Share on other sites More sharing options...
IDBillzFan Posted March 28, 2006 Share Posted March 28, 2006 I just locked mine in for 30 years. Rates still really have nowhere to go but up. I have nothing to worry about and I still have a historically low rate. And of course your broker is keeping touch with you. He wants to make sure you DO refi. Sure it's no cost to you but he's still getting paid. 644360[/snapback] That's what we condescending selfish types refer to as a win-win. Link to comment Share on other sites More sharing options...
plenzmd1 Posted March 28, 2006 Share Posted March 28, 2006 You probably also got a low intro rate for the first six months or so. My home equity line is a half point under prime, which is in the 7% range, but I only use it as a line of protection or help my business if it's a bad month (which we haven't had to do yet, fortunately) so my issue wasn't so much the rate as it was the amount. There's no single answer for the best mortgage to get. The smart folks were the ones who locked in those ridiculous rates a few years ago. My last mortgage was a 5yr fixed rate of 3.85%. 644342[/snapback] I think my line is also half point under prime. My mortgage is 30yr at 5.75, so looks like i may have at least timed that one pretty well. Link to comment Share on other sites More sharing options...
Chef Jim Posted March 28, 2006 Share Posted March 28, 2006 That's what we condescending selfish types refer to as a win-win. 644376[/snapback] Oh I agree, but you do understand that is his motivation for keeping in contact with you. I'm very cynical, but usually right. I work with these "Guidos" (from one Italian to the next ) all the time so I know thier MO. Link to comment Share on other sites More sharing options...
eball Posted March 28, 2006 Share Posted March 28, 2006 Butting in? It's a public board, nitwit. You don't want comments from the peanut gallery, take it to PM. 644256[/snapback] You're right, CTM...LA needed you running to his defense. Man, folks are touchy around here. Link to comment Share on other sites More sharing options...
eball Posted March 28, 2006 Share Posted March 28, 2006 That's what we condescending selfish types refer to as a win-win. 644376[/snapback] I never called you selfish. Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted March 29, 2006 Share Posted March 29, 2006 You're right, CTM...LA needed you running to his defense. Man, folks are touchy around here. 644949[/snapback] You were hypocritical, I called you out on it, then you cried about me "butting in" to a public exchange, and I called you out on that. NOW you're bitching about me defending LA...and I'm calling you out on THAT as well: when did I say he wasn't condescending? I didn't defend him, I called you out on your hypocrisy. Link to comment Share on other sites More sharing options...
Stussy109 Posted March 29, 2006 Share Posted March 29, 2006 You always offer less..... Come in at least 10% below what theyre asking... Dovorce sales are also known as distress sales, u as the buyer are in the driver seat. Offer, 15k less, like many other people said, u can always go up, but u cant go down. In essence, u should never be banking on just one house, if u r, u r rushing the process Link to comment Share on other sites More sharing options...
Crap Throwing Monkey Posted March 29, 2006 Share Posted March 29, 2006 You always offer less..... Come in at least 10% below what theyre asking... Dovorce sales are also known as distress sales, u as the buyer are in the driver seat. Offer, 15k less, like many other people said, u can always go up, but u cant go down. In essence, u should never be banking on just one house, if u r, u r rushing the process 645071[/snapback] Yeah...and had we offered $15k less, he would have gone with one of the other two offers he had. Rules like "always offer low" are nice in practice...but you have to be smart enough to recognize the situation you're in and break the rules if need be. And as it was, we only got the house because he and his agents liked us as people. The other two offers were actually more than ours, by 25k, but we made it clear we weren't just buying a house, but taking responsibility for his home. Sometimes it's about more than money. And it's "YOU ARE", not "u r". Forget the Queen's English...aspire to use George Bush's pidgin English, you idiot. Link to comment Share on other sites More sharing options...
Chef Jim Posted March 29, 2006 Share Posted March 29, 2006 Yeah...and had we offered $15k less, he would have gone with one of the other two offers he had. Rules like "always offer low" are nice in practice...but you have to be smart enough to recognize the situation you're in and break the rules if need be. And as it was, we only got the house because he and his agents liked us as people. The other two offers were actually more than ours, by 25k, but we made it clear we weren't just buying a house, but taking responsibility for his home. Sometimes it's about more than money. And it's "YOU ARE", not "u r". Forget the Queen's English...aspire to use George Bush's pidgin English, you idiot. 645156[/snapback] I think what also helps is not to fall in love with a house on first sight. I know it's hard but have a couple places you'd take and bid low. If you don't get them that's ok. The market is shifting there are more homes available to choose from. Link to comment Share on other sites More sharing options...
Simon Posted March 30, 2006 Author Share Posted March 30, 2006 Thinking you can hibbity-jibbity her anytime YOU want is leading cause for divorce. You can hibbity-jibbity her whenever SHE wants. Nonsense, I get more ass 'n a toilet seat. Update: The day after I made my opening offer, the couple reconciled and the property was taken off the market. I've now saved more marriages than Dr Phil. However being uncomfortable with having saved a poor marriage, I have volunteered to hibbity jibbity the forlorn wife in question, thereby removing any possibility of her ever being equally satisfied again and resulting in an untenable situation for the couple in which they will surely separate again on the first occasion in which she is given the opportunity to recognize her husband's shortcomings. My wife (the master strategist to my brilliant tactician) is currently weighing the benefits of the property in comparison to the sacrifices which will have to be made by all involved; hers being that she will no longer have the security of knowing she is the world's only woman to receive such immeasurable bliss in the last 2 decades, the wife's being that she will now spend the rest of her life viewing all other men as nothing more than ineffectual needle-dicked bugfu(kers, mine being that I must live with the guilt of exposing an innocent women to possibilities to which she had never considered and for which she will now always fruitlessly strive. Link to comment Share on other sites More sharing options...
mead107 Posted March 30, 2006 Share Posted March 30, 2006 keep your ears open , it will be back on the market . Link to comment Share on other sites More sharing options...
taterhill Posted March 30, 2006 Share Posted March 30, 2006 Nonsense, I get more ass 'n a toilet seat. Update: The day after I made my opening offer, the couple reconciled and the property was taken off the market. I've now saved more marriages than Dr Phil. However being uncomfortable with having saved a poor marriage, I have volunteered to hibbity jibbity the forlorn wife in question, thereby removing any possibility of her ever being equally satisfied again and resulting in an untenable situation for the couple in which they will surely separate again on the first occasion in which she is given the opportunity to recognize her husband's shortcomings. My wife (the master strategist to my brilliant tactician) is currently weighing the benefits of the property in comparison to the sacrifices which will have to be made by all involved; hers being that she will no longer have the security of knowing she is the world's only woman to receive such immeasurable bliss in the last 2 decades, the wife's being that she will now spend the rest of her life viewing all other men as nothing more than ineffectual needle-dicked bugfu(kers, mine being that I must live with the guilt of exposing an innocent women to possibilities to which she had never considered and for which she will now always fruitlessly strive. 646857[/snapback] throw a pair of panties in his car...you will be in the house by June...actually a good realtor would have suggested this Link to comment Share on other sites More sharing options...
VABills Posted March 30, 2006 Share Posted March 30, 2006 throw a pair of panties in his car...you will be in the house by June... 646936[/snapback] You're bad. Link to comment Share on other sites More sharing options...
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