Oh, man. So much for coasting to vacation this week. Everyone else is also going on vacation too, and so everyone needs everything done before year end. WTF. Too early for cocktails?
Pete….I’m not sure about most HELOCS anymore but years ago they had caps on how much they could rise in a single year. Look into that first and do the calculations.
You have a two family right??? 5.875% is not a bad rate for a two family at all, even in this environment.
I risk my money in other ways. I would borrow from a HELOC to punt the market but I would not jeopardize a fixed rate mortgage with10 years left on it unless you structure some interest rate hedges.
CHiller – Last year I made my xmas cookies for Easter.
It’s always like that, CGar. I always hated that aspect of office life/work, foolishness.
I’m going to pull out my Xmas cd’s, maybe if I play a few I’ll feel better. Not be able to bake is killing my Xmas spirit.
Oh, man. So much for coasting to vacation this week. Everyone else is also going on vacation too, and so everyone needs everything done before year end. WTF. Too early for cocktails?
I can’t get Imus on my radio. Only 88, Oldies & Xmas songs.
Arkady, what does Imus say about rates???
Pete….I’m not sure about most HELOCS anymore but years ago they had caps on how much they could rise in a single year. Look into that first and do the calculations.
You have a two family right??? 5.875% is not a bad rate for a two family at all, even in this environment.
I risk my money in other ways. I would borrow from a HELOC to punt the market but I would not jeopardize a fixed rate mortgage with10 years left on it unless you structure some interest rate hedges.
Just heard a prediction on radio 88 from WSJ guy that rates are likely to rise.
“Nuoc Mam is also great to marinate”
Is that the name of your Rentboy this week?