That would take the guess work out of payments. I bet the rates are higher for a guarantee like that. The best fixed I've seen on a give year lock in is 3.44%
House Plac: From Bag End to Balls Deep
- ChrisoftheNorth
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Checking out another house tonight...this one hasn't officially hit Zillow yet even.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
- goIftdibrad
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wait, you are going Variable rate?!?!Tarspin wrote: ↑Wed Jul 11, 2018 8:54 amThey offer a 3 yr or 5 yr guarantee on rates. The three is sometimes cheaper but i always go with a longer timeframeBig Brain Bradley wrote: ↑Wed Jul 11, 2018 8:17 am
oh, 25-30 year loan makes more sense, but the logic still holds water.
what....what the actual fuck?
you are now buying a house no matter what, congrats.
brain go brrrrrr
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Umm yeah, thats the plan :salty:Big Brain Bradley wrote: ↑Wed Jul 11, 2018 10:05 amwait, you are going Variable rate?!?!
what....what the actual fuck?
you are now buying a house no matter what, congrats.
This isn't airboat country, i will likely make some solid gains dude. We are talking about one of the top three hottest resort destinations within a five hour drive of Toronto/Detroit. Property prices are rapidly catching up to the rest of the province and need another 200k to get there.
brb. buying a pintrest palace in the mountains.
https://www.zillow.com/homedetails/822- ... lpage=true
https://www.zillow.com/homedetails/822- ... lpage=true
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Also, variable rates aren't going to be moving much in the next 5 yrs. Probably up a quarter point a couple of times. We can option to lock in fixed rate after the fact. Breaking a variable only costs three months of interest payments here.
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JUST PAY NO MIND TO 2008. EVERYONE NEEDS MORE HOUSES.Big Brain Bradley wrote: ↑Wed Jul 11, 2018 10:05 amwait, you are going Variable rate?!?!
what....what the actual fuck?
you are now buying a house no matter what, congrats.
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Haha it's so hard to keep track with your but i read that afterwards and felt like saying sorry.Big Brain Bradley wrote: ↑Wed Jul 11, 2018 11:20 ami was quoting dplac
my for you is this weird non-fix but fixed interest rate you are talking about
Would you go fixed, i assume you are in the mindset for housing, so any minute now we will have imploding property values and interest rates of 18-25%?
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My feelz are that 2008 was a serious and proper reset. It will be a while before we have another one.dubshow wrote: ↑Wed Jul 11, 2018 11:23 amJUST PAY NO MIND TO 2008. EVERYONE NEEDS MORE HOUSES.Big Brain Bradley wrote: ↑Wed Jul 11, 2018 10:05 am
wait, you are going Variable rate?!?!
what....what the actual fuck?
you are now buying a house no matter what, congrats.
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i 100% would go fixed, one because it allows you to plan in insulates to to a degree from inflation and 2, yes interest rates have been historically low for a long time now and they will have to go up at some point.Tarspin wrote: ↑Wed Jul 11, 2018 11:26 amHaha it's so hard to keep track with your but i read that afterwards and felt like saying sorry.Big Brain Bradley wrote: ↑Wed Jul 11, 2018 11:20 am
i was quoting dplac
my for you is this weird non-fix but fixed interest rate you are talking about
Would you go fixed, i assume you are in the mindset for housing, so any minute now we will have imploding property values and interest rates of 18-25%?
brain go brrrrrr
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founddubshow wrote: ↑Wed Jul 11, 2018 11:01 am brb. buying a pintrest palace in the mountains.
https://www.zillow.com/homedetails/822- ... lpage=true
wants
brain go brrrrrr
- Apex
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Fed Funds rate is projected to increase 150bps, or 1.50% over the next 18-24 months.Big Brain Bradley wrote: ↑Wed Jul 11, 2018 11:30 ami 100% would go fixed, one because it allows you to plan in insulates to to a degree from inflation and 2, yes interest rates have been historically low for a long time now and they will have to go up at some point.
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Oh man, 1.5% would be a shocker, that sounds aggressive. I better look at projected estimates are here.Apex wrote: ↑Wed Jul 11, 2018 11:37 amFed Funds rate is projected to increase 150bps, or 1.50% over the next 18-24 months.Big Brain Bradley wrote: ↑Wed Jul 11, 2018 11:30 am
i 100% would go fixed, one because it allows you to plan in insulates to to a degree from inflation and 2, yes interest rates have been historically low for a long time now and they will have to go up at some point.
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wutTarspin wrote: ↑Wed Jul 11, 2018 12:38 am Mortgage on the beach house is currently sitting at 2.65%, variable on a 5 yr. I'm pushing to find lower tomorrow but i think I'm scraping the bottom. The absolute moronic thing about lenders is that if I didn't dig up 20% I probably would have secured an even lower rate. Like another 0.2%. Why the fuck would a bank want to give a better rate to someone with less skin in the game??
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Desertbreh wrote: ↑Wed Jul 11, 2018 12:24 pmwutTarspin wrote: ↑Wed Jul 11, 2018 12:38 am Mortgage on the beach house is currently sitting at 2.65%, variable on a 5 yr. I'm pushing to find lower tomorrow but i think I'm scraping the bottom. The absolute moronic thing about lenders is that if I didn't dig up 20% I probably would have secured an even lower rate. Like another 0.2%. Why the fuck would a bank want to give a better rate to someone with less skin in the game??
Something about insured loan vs 20% down and qualifying for an uninsured loan.
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, elitist connects are
Found a prime minus 1% variable so 2.45% vs fixed 3.45%
I wonder if we can absorb four rate hikes (that are always twenty five basis points at a time)? The Canadian interest rates typically don't move super fast but anything is possible if the US moves a full 1.5% in two years. Wow! It gives me pause on the variable front for sure.
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Jumps are typically done in multiples of 25bps. Ie. either 25 or 50 basis points at a time. Rates are still low enough where I'd only be expecting 25bps at a time.Tarspin wrote: ↑Wed Jul 11, 2018 12:57 pm, elitist connects are
Found a prime minus 1% variable so 2.45% vs fixed 3.45%
I wonder if we can absorb four rate hikes (that are always twenty five basis points at a time)? The Canadian interest rates typically don't move super fast but anything is possible if the US moves a full 1.5% in two years. Wow! It gives me pause on the variable front for sure.
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Welp, another offer placed. House is perfect in every way for us. Massive yard, massive garage (2.5 car, deep with a loft), small houses sq ft for the area, "dream kitchen".
but YOLO I guess. This thing will never drop in value, even in a down turn it's a super desirable area. Our current house is at its max, we want to cash out while we can.
https://www.zillow.com/homedetails/15-P ... lpage=true
Current owner of new house had to have her leg aputated due to a bone infection (hence the ramp), so they're motivated to sell. Under any other circumstance, this would be over 500k.
but YOLO I guess. This thing will never drop in value, even in a down turn it's a super desirable area. Our current house is at its max, we want to cash out while we can.
https://www.zillow.com/homedetails/15-P ... lpage=true
Current owner of new house had to have her leg aputated due to a bone infection (hence the ramp), so they're motivated to sell. Under any other circumstance, this would be over 500k.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
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Fucking McDonald's color scheme on the outside is pretty bad, but whatever. Paint is NBD. Hopefully it deters others. It is stucco on most, so maybe it could be sand blasted.
New furnace, AC, windows, roof. It just needs some cosmetic freshening, which is NBD to us. Could paint the bish in a week.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
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I don't know why so many houses I see are yellow... But in reality, painting something like that isn't a huge deal. Hopefully it deters others and you guys can get it! Sounds like it's a solid house, just needs some paint/pinshit.Detroit wrote: ↑Thu Jul 12, 2018 9:05 amFucking McDonald's color scheme on the outside is pretty bad, but whatever. Paint is NBD. Hopefully it deters others. It is stucco on most, so maybe it could be sand blasted.
New furnace, AC, windows, roof. It just needs some cosmetic freshening, which is NBD to us. Could paint the bish in a week.