It looks like some also include a charge for early payoff of the balance, so that would obviously be something to look out for.
Mal: That's not what I saw. You like to tell me what really happened? Book: I surely would. And maybe someday I will.
'Safe'
Spike's Bitches 49: As usual, I'm here to help you, and I... are you naked under there?
Spike-centric discussion. Lusty, lewd (only occasionally crude), risqué (and frisqué), bawdy (Oh, lawdy!), flirty ('cuz we're purty), raunchy talk inside. Caveat lector.
Dana - Mar 12, 2019 8:07:18 am PDT #5487 of 8216
I'm terrifically busy with my ennui.
Jessica - Mar 12, 2019 8:09:52 am PDT #5488 of 8216
And then Ortus came and said "It's Ortin' time" and they all Orted off into the sunset
Hil, are you working with a mortgage broker or a bank? A broker should be able to get you a fixed-rate mortgage.
ARMs generally start out cheaper than fixed-rate, but because the interest rate fluctuates with the market, they are riskier for the buyer.
Hil R. - Mar 12, 2019 8:26:46 am PDT #5489 of 8216
Sometimes I think I might just move up to Vermont, open a bookstore or a vegan restaurant. Adam Schlesinger, z''l
Thanks. He gave me a few different options for how long it would be until the rate was adjusted, and there were different rates for each of those options. I'm working with a bank. I'll talk to the realtor about other mortgage options. The mortgage person had been saying that I could get a fixed rate mortgage, until the appraisal came in. I'm waiting to hear back from the realtor now.
Laura - Mar 12, 2019 8:36:16 am PDT #5490 of 8216
Our wings are not tired.
I've had adjustable the last couple times. It is only a danger if interest rates spike. And yes, you can continue to look for a fixed rate later.
Mortgage brokers have more options than banks.
Hil R. - Mar 12, 2019 8:42:40 am PDT #5491 of 8216
Sometimes I think I might just move up to Vermont, open a bookstore or a vegan restaurant. Adam Schlesinger, z''l
My issue is that the closing is scheduled for next week, so I don't have too much time to shop around.
Laura - Mar 12, 2019 11:07:47 am PDT #5492 of 8216
Our wings are not tired.
Rates aren't going to spike any time soon. I wouldn't worry about an adjustable.
Hil R. - Mar 12, 2019 12:00:27 pm PDT #5493 of 8216
Sometimes I think I might just move up to Vermont, open a bookstore or a vegan restaurant. Adam Schlesinger, z''l
The realtor gave me the contact info for another mortgage person (one associated with the realtor), but my brain has kind of hit the end of its ability to process for the moment, so I might wait until tomorrow and call or email then.
Hil R. - Mar 13, 2019 9:16:09 am PDT #5494 of 8216
Sometimes I think I might just move up to Vermont, open a bookstore or a vegan restaurant. Adam Schlesinger, z''l
Working on the mortgage. Still got some options to consider. Might get the closing date delayed by a week or so. Which might be a good thing, because I still haven't gotten the money that my parents said they'd give me for the down payment, because my father somehow decided that the best way to transfer money from one account to another, at two different banks, was to have the first bank print out a check and mail it to him, and then he'll go and deposit the check in the other bank, wait for it to clear, and then send it to me from that account. So this is taking two weeks rather than two days.
Dana - Mar 13, 2019 9:24:00 am PDT #5495 of 8216
I'm terrifically busy with my ennui.
I feel like almost every house sale/purchase we've been involved in has had the closing date pushed back. It's not a big deal.
Laura - Mar 13, 2019 9:30:11 am PDT #5496 of 8216
Our wings are not tired.
Yes. The month or two before closing is filled with tension filled emails and phone calls. No fun at all.