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02-18-2021, 02:38 PM | #7426 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
You’re good man. These guys talking individual stocks are like betting the line on the NBA. Don’t do it with real money. |
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Posts: 57,834
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02-18-2021, 02:39 PM | #7427 |
"I'm with you fellers"
Join Date: Oct 2008
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Posts: 742
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02-18-2021, 02:43 PM | #7428 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,635
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02-18-2021, 02:47 PM | #7429 |
I'll be back.
Join Date: Nov 2002
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Posts: 287,297
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02-18-2021, 02:48 PM | #7430 | |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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Quote:
Loans are all designed to screw the borrower. The same way that its all heavy interest to Principle ratio that declines slowly. even if you pay it off entirely in one chunk sum at the midpoint, the bank gets like 70 percent of the principle total established at the onset. |
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Posts: 11,970
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02-18-2021, 02:58 PM | #7431 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
I always thought with an ARM the only thing that adjusts is the interest rate. Not so. |
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Posts: 40,635
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02-18-2021, 03:04 PM | #7432 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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The couple of Times we've done an ARM we've always planned to (and did) either sell the home or re-fi to a fixed before the ARM takes place. But the re-fi only makes sense after a couple of years (to cover the new closing costs/fees) and even then its not as smart as your broker says it is. You still waste money there.
This year there were no lenders giving fixed 30 year loans above $770K (or jumbo loans) which is the loan you need to get in California (places like LA and SF and surrounding areas) since most 3 bedroom homes are 1.1 - 1.5 million. |
Posts: 11,970
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02-18-2021, 03:06 PM | #7433 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Posts: 11,434
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02-18-2021, 03:08 PM | #7434 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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PLUG down to $50. Hold, sell, or buy more?
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Posts: 11,970
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02-18-2021, 03:09 PM | #7435 |
I'll be back.
Join Date: Nov 2002
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EBON down 2% after hours
bullet dodged! |
Posts: 287,297
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02-18-2021, 03:11 PM | #7436 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,635
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02-18-2021, 03:12 PM | #7437 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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Posts: 11,434
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02-18-2021, 03:13 PM | #7438 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,635
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02-18-2021, 03:35 PM | #7439 | |
MVP
Join Date: Oct 2017
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Quote:
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Posts: 7,381
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02-18-2021, 03:40 PM | #7440 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,635
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