Rob Cochems's Discussions

And

I never claimed we are at bottom, but even people that bought in the false rally are slightly up.  Not good if its an investment, not too bad if it is a home you are living in.

I

am reffering to the rallies in 01 and 02

 L.A. Real Estate's Golden Boy

Whiff of Recovery

Its politicians pretending to do something.  Most current homeowners do not qualify for FHA, even if it did pass it is a useless piece of legislation.  The risk you need to look out for is the talks of loosening FHA guidelines.  FHA default rate is about even with with current default rates on subprime.  if they loosen guidelines, then look for your tax dollars to be on the line.

Guys this is either a 2 year arm or 3 year arm.  It does not come with a low teaser rate.  If you want me to explain it more detail, just let me know.

Yeah,  if you are confident you can sell the home in 6-12 months, realistically you are looking at a worse case scenario of paying that 9.4% rate for the last 6 months, assuming you sell in 12 months.  If you can manage that payment, I would not recomend a refinance, if you fear you can't you may want to consider it.  In that case paying a little extra to avoid a financial burden, may bring you piece of mind...

Regular conforming is at 5.75% today while "conforming jumbo is at 6.25.  Also "conforming jumbo" will cap you at 90% LTV.