Comments on: Lend Me a Hand http://www.philosyphia.com/rants/lend-me-a-hand My Keyboard, My Sword Thu, 12 Jan 2012 23:28:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Two Thousand and Seven: A Review: PhilosYphia http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-972 Two Thousand and Seven: A Review: PhilosYphia Thu, 10 Jan 2008 19:44:40 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-972 [...] boy clothing options, asked my readership to check in (a few of you bothered, thank you), and gave my take on the U.S. housing bubble crash. Pictures of another new car adorned a blog posting, but soon [...] [...] boy clothing options, asked my readership to check in (a few of you bothered, thank you), and gave my take on the U.S. housing bubble crash. Pictures of another new car adorned a blog posting, but soon [...]

]]> By: Nathan Pralle http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-796 Nathan Pralle Sat, 15 Dec 2007 06:49:22 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-796 Mel: Curiouser and curiouser. Good to know, considering some day we might buy a house in Oz; we have to be prepared to pay $OMFG/month for it, clearly. We have no such inflexibility against borrowing against our equity, and we certainly have no penalty for paying it off early -- we're actually encouraged to do so. Certainly changes the face of finances, that's for sure. Hrm.... Mel: Curiouser and curiouser. Good to know, considering some day we might buy a house in Oz; we have to be prepared to pay $OMFG/month for it, clearly. We have no such inflexibility against borrowing against our equity, and we certainly have no penalty for paying it off early — we’re actually encouraged to do so. Certainly changes the face of finances, that’s for sure. Hrm….

]]> By: mel http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-793 mel Fri, 14 Dec 2007 23:33:03 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-793 Na I think the most we can get is 15 year fixed.. maybe Commonwealth does a 30 year fixed homeloan?? but when we asked them the other day they said 15 years but its very uncommon for them to give people that long fixed.. so uncommon she had to run off to get the rate for me. They encourage us not to fix them because you loose your 'flexability' borrowing against your equity and what not. considering here that a mortgage is one of the cheapest forms of money lending... We fixed a huge portion of our home loan and left a little bit unfixed.. just to have some flexability. Also they have certain rules against paying it out early..... very strict rules.. so thats why they encourage you to have a bit unfixed.. so if you get a payrise (which is damn likely in 15 years) you start paying off some extra.. So some people would say a fixed loan isn't the only way to fly :).. Like my father in law says.. people often do very different things with their money..... i guess some play it very conservative .. and others take a risk that sometimes pays off.. thats life isn't it? Na I think the most we can get is 15 year fixed.. maybe Commonwealth does a 30 year fixed homeloan?? but when we asked them the other day they said 15 years but its very uncommon for them to give people that long fixed.. so uncommon she had to run off to get the rate for me. They encourage us not to fix them because you loose your ‘flexability’ borrowing against your equity and what not. considering here that a mortgage is one of the cheapest forms of money lending…
We fixed a huge portion of our home loan and left a little bit unfixed.. just to have some flexability. Also they have certain rules against paying it out early….. very strict rules.. so thats why they encourage you to have a bit unfixed.. so if you get a payrise (which is damn likely in 15 years) you start paying off some extra.. So some people would say a fixed loan isn’t the only way to fly :) .. Like my father in law says.. people often do very different things with their money….. i guess some play it very conservative .. and others take a risk that sometimes pays off.. thats life isn’t it?

]]> By: nicheplayer http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-792 nicheplayer Fri, 14 Dec 2007 20:09:16 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-792 I just hope this whole mess bankrupts a couple of the housewives of Orange County. That would make it all worth it. <em>nicheplayer's last blog post..</em><a href='http://nicheplayer.net/wordpress/?p=1129' rel="nofollow">Ava “reading”</a> I just hope this whole mess bankrupts a couple of the housewives of Orange County. That would make it all worth it.

nicheplayer’s last blog post..Ava “reading”

]]> By: Nathan Pralle http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-789 Nathan Pralle Fri, 14 Dec 2007 12:49:41 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-789 Mel: Yeah, Europe is suffering, too, from the collapse of our housing market. And you don't get long-term fixed rate loans? Yike! Our house is locked in at 6.125% for the entire 30-year loan. The only reason our payment will adjust is for property taxes and house insurance, which are both escrowed. There's times and places for ARMs and so forth, but if you're looking long-term, fixed is the only way to fly. Mel: Yeah, Europe is suffering, too, from the collapse of our housing market. And you don’t get long-term fixed rate loans? Yike! Our house is locked in at 6.125% for the entire 30-year loan. The only reason our payment will adjust is for property taxes and house insurance, which are both escrowed. There’s times and places for ARMs and so forth, but if you’re looking long-term, fixed is the only way to fly.

]]> By: mel http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-788 mel Fri, 14 Dec 2007 06:10:18 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-788 boy we could only dream to have interest rates as good as you guys.. spare some thought for the 8.57% we get lumped with.... with the banks rising our rates even over the reserve bank because of the American economy (apparently) seems to me you guys get a lot more options with mortgages than what we get too.. (ie longer fixed loans).. take for example we fixed a portion of our loan at 6.15% three years ago.. when that comes off in Feb to 8.57% thats a good extra few hundred we need to find.... so i can see how people find themselves in trouble. boy we could only dream to have interest rates as good as you guys..

spare some thought for the 8.57% we get lumped with…. with the banks rising our rates even over the reserve bank because of the American economy (apparently)

seems to me you guys get a lot more options with mortgages than what we get too.. (ie longer fixed loans).. take for example we fixed a portion of our loan at 6.15% three years ago.. when that comes off in Feb to 8.57% thats a good extra few hundred we need to find…. so i can see how people find themselves in trouble.

]]> By: Nathan Pralle http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-786 Nathan Pralle Thu, 13 Dec 2007 21:34:46 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-786 Sara: Nothing personal against you in particular by my statements, you realize. Yes, I do think that there are many other bailout areas that make absolutely no sense whatsoever. I think my tax dollars were nothing but wasted on Katrina repair and relief when it came to NO residents hurt by the breaking of the levee. How stupid are you if you live BENEATH sea level? You had it coming. So yeah -- the hard part about taking this stand against government subsidy is that there will more than likely be a big economic hit, but I wonder if that wouldn't be better than setting a precedent about helping people not be idiotic. Sometimes you have to let your kid scrape his knee before he learns to not pop a wheelie on the bike. Sara: Nothing personal against you in particular by my statements, you realize. Yes, I do think that there are many other bailout areas that make absolutely no sense whatsoever. I think my tax dollars were nothing but wasted on Katrina repair and relief when it came to NO residents hurt by the breaking of the levee. How stupid are you if you live BENEATH sea level? You had it coming. So yeah — the hard part about taking this stand against government subsidy is that there will more than likely be a big economic hit, but I wonder if that wouldn’t be better than setting a precedent about helping people not be idiotic. Sometimes you have to let your kid scrape his knee before he learns to not pop a wheelie on the bike.

]]> By: Sara in FL http://www.philosyphia.com/rants/lend-me-a-hand/comment-page-1#comment-785 Sara in FL Thu, 13 Dec 2007 20:47:38 +0000 http://www.philosyphia.com/index.php/2007/12/13/rants/lend-me-a-hand/#comment-785 Ok, I couldn't resist a comment. I agree: I hate stupid people. And I hate the government even more... lots of stupid people congregated in one place if you ask me. BUT, being a Realtor in Southwest Florida... we need help. The entire economy here is in trouble because so much is dependant on the housing industry... builders, contractors, repairmen, landscapers, retailers, and ME to name just a few. When you haven't had a paycheck since July because people are afraid to buy or just plain can't afford to buy because those same ARMs helped jack up our housing prices, you will look for help from the government, although I'm not getting any of the help mind you. It's just nice to see there might be a plan on the horizon. AND, coming from the great state of Iowa, I know all too well how the government subsidizes everything... yep, I'm talking to all the farmers growing food for the entire world. We are WAY too dependent on the government to bail us out---Katrina, anyone? I could go on forever. On a positive note, IT'S A GREAT TIME TO BUY A HOUSE IN FLORIDA!!! The foreclosures and mortgage industry have helped us and killed us at the same time making NOW the time to buy (if you can). Housing prices have dropped dramatically in the last 2 years. BTW---you'll have to pay cash or have incredible credit... thank your mortgage lender from me. Ok, I couldn’t resist a comment. I agree: I hate stupid people. And I hate the government even more… lots of stupid people congregated in one place if you ask me. BUT, being a Realtor in Southwest Florida… we need help. The entire economy here is in trouble because so much is dependant on the housing industry… builders, contractors, repairmen, landscapers, retailers, and ME to name just a few. When you haven’t had a paycheck since July because people are afraid to buy or just plain can’t afford to buy because those same ARMs helped jack up our housing prices, you will look for help from the government, although I’m not getting any of the help mind you. It’s just nice to see there might be a plan on the horizon. AND, coming from the great state of Iowa, I know all too well how the government subsidizes everything… yep, I’m talking to all the farmers growing food for the entire world. We are WAY too dependent on the government to bail us out—Katrina, anyone? I could go on forever. On a positive note, IT’S A GREAT TIME TO BUY A HOUSE IN FLORIDA!!! The foreclosures and mortgage industry have helped us and killed us at the same time making NOW the time to buy (if you can). Housing prices have dropped dramatically in the last 2 years. BTW—you’ll have to pay cash or have incredible credit… thank your mortgage lender from me.

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