Archive for the 'refinance' Category

More Best Available Rates for California Home Loans

Tuesday, October 31st, 2006

Let’s take a chance and talk about something that every home loan owner wants to talk about – did I get ripped off? Once you are in to a home loan and making the payments life is great, unless you have an adjustable mortgage and the inflation rate and libor rate is occurring in an up swingand it looks like the best rate basis points are rising and you are going to get a new home loan mortgage rate that is about to take you to the edge of your limits. It happened with gasoline prices and now its about to happen to your mortgage and you think you may have gotten ripped off and its time to refinance. 

Shop, don’t be in a hurry to rush into a deal when the home loan rates are going to push you to the wall. We all have eyes that are bigger than our stomachs; we all want a piece of real estate that we really can’t afford and when was the last time you said to your spouse that we ought to buy 10% less than we can really afford so that we have no problems with our mortgage payment. 

That’s not the American way is it? We have to push push push and the lender, the mortgage broker and the real estate agent are all in it to make as much as they can and so you have the biggest, badest, house on the block and you can afford it as long as no one in the family gets sick with high medical bills, loses their job or the Libor rates climb so high that you are feeling faint at the high altitude. 

 

    • Posted in California Home Loan Rates, Did I get ripped off?, libor rate, best rate basis points, ripped off, refinance, mortgage payment | 2 Comments »