Rob Cochems's Discussions

Hi Christyv_ling, I am not sure if your currrent payment includes taxes and insurance, but when it adjust to 8.45% your principal and interest payment would be $1,959.99.  In the next 6 months if it adjusted to 9.45% (worst case scenario) your new payment would be $2,145.70. These are just principal and interest so if your taxes and insurance are impounded into the payment, make sure to add them on top for your total monthly payment.

 Don't worry Mexico will clean up this mess

Neverborne, That doesn't concern you that a bottom might be forming in Sacramento?

It could be a "suckers rally" but isn't that a sign that the bottom is on its way?

Thanks AA, for accussing me of staging this thread, I appreciate it.  All I did was answers her questions about her loan.

Appraisals in general are inaccurate, especially a computer.  There is no way a computer or even an appraiser can know what someone else will pay for your house.  All they do is base it off recent sales in a wide area, there can be huge differences between the homes.

What did you mean by "I think this is a staged thread myself..."

Colorado,I try hard to receive good reviews, on all the 1's I got the never even talked to me before hand, which I kind of find unfair.  But such is life. Christyv_ling, Honestly it does depend on your property value and credit score, but there are some no cost refinance options available.

"bottom linetoo many houses"Still depends on the area waiting, some areas are not as overbuilt. 

Would you by if you found a nice house, if it had the same price as your rent? Assuming you took out a 30 year fixed rate and not some Hybrid ARM