Comments on: It is starting to trickle down? http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/ Conversations in Real Estate Tue, 27 Jul 2010 15:36:23 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Lee Ginsburg http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/comment-page-1/#comment-970 Lee Ginsburg Tue, 05 May 2009 02:51:05 +0000 http://www.pruvoices.com/?p=869#comment-970 Mark, Wasn't that a pleasant surprise to receive notice of lower payments. It is happening a lot. I am concerned for people drawing on their equity because they are so low. As we all know everything that goes down must go up and the interest rates on the equity lines will do that in time. Speaking about the Trickle Down affect. I was speaking with an engineer with the City of Pacifica recently. They have a major road paving project getting off the ground very soon because of the Fed's money. I hope they are going to hire local people to do the work and we possibly could get one or two new home buyers or keep one or two from losing their homes. Does anyone know of other local city projects funded by the fed. What goes around comes around? Mark,
Wasn’t that a pleasant surprise to receive notice of lower payments. It is happening a lot.

I am concerned for people drawing on their equity because they are so low. As we all know everything that goes down must go up and the interest rates on the equity lines will do that in time.

Speaking about the Trickle Down affect. I was speaking with an engineer with the City of Pacifica recently. They have a major road paving project getting off the ground very soon because of the Fed’s money. I hope they are going to hire local people to do the work and we possibly could get one or two new home buyers or keep one or two from losing their homes. Does anyone know of other local city projects funded by the fed. What goes around comes around?

]]> By: Kathy Wall http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/comment-page-1/#comment-938 Kathy Wall Tue, 21 Apr 2009 06:15:05 +0000 http://www.pruvoices.com/?p=869#comment-938 Mark... Your comments were a very much needed reminder that not every adjustable mortgage was a bad thing. I'm so happy that everything worked out for you! Mark…

Your comments were a very much needed reminder that not every adjustable mortgage was a bad thing.

I’m so happy that everything worked out for you!

]]> By: Larry Franzella http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/comment-page-1/#comment-936 Larry Franzella Mon, 20 Apr 2009 19:06:07 +0000 http://www.pruvoices.com/?p=869#comment-936 Having an adjustable rate mortgage in the past few years has really been an advantage! Larry Having an adjustable rate mortgage in the past few years has really been an advantage!

Larry

]]> By: Jonathan Shaw http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/comment-page-1/#comment-931 Jonathan Shaw Sun, 19 Apr 2009 23:53:14 +0000 http://www.pruvoices.com/?p=869#comment-931 Hi Mark, I think that Michael hit the nail on the head, but as you said, there has been some positive changes that have taken place, and I am glad that you were able to take advantage of those changes. Jonathan Hi Mark,
I think that Michael hit the nail on the head, but as you said, there has been some positive changes that have taken place, and I am glad that you were able to take advantage of those changes.
Jonathan

]]> By: Adam Chinn http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/comment-page-1/#comment-922 Adam Chinn Fri, 17 Apr 2009 23:29:50 +0000 http://www.pruvoices.com/?p=869#comment-922 Hi Mark, Thanks for sharing, I have not heard from many people about their payments actually going down. Great news for you. Keep up the great work and good luck to you in the future. Hi Mark,
Thanks for sharing, I have not heard from many people about their payments actually going down. Great news for you. Keep up the great work and good luck to you in the future.

]]> By: Brian Boisson http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/comment-page-1/#comment-911 Brian Boisson Thu, 16 Apr 2009 14:47:53 +0000 http://www.pruvoices.com/?p=869#comment-911 Mark, Great comment and what good news for you. Cause and effect at work. Brian Mark,

Great comment and what good news for you.

Cause and effect at work.

Brian

]]> By: michael monozon http://www.pruvoices.com/2009/04/it-is-starting-to-trickling-down/comment-page-1/#comment-910 michael monozon Wed, 15 Apr 2009 23:59:30 +0000 http://www.pruvoices.com/?p=869#comment-910 Nice story Mark, and an often overlooked part of the adjustable rate mortgage programs; the rates go both ways, up and down. For some families this can also be the right time to refinance their existing adjustable loan to a long term fixed rate, maybe at a rate a bit higher than the lower adjustable, but as mentioned rates do go both ways over the long term. Best advise for the consumer, check with a professional loan consultant, and if you do not know anyone ask your professional Realtor for a referral Nice story Mark, and an often overlooked part of the adjustable rate mortgage programs; the rates go both ways, up and down. For some families this can also be the right time to refinance their existing adjustable loan to a long term fixed rate, maybe at a rate a bit higher than the lower adjustable, but as mentioned rates do go both ways over the long term. Best advise for the consumer, check with a professional loan consultant, and if you do not know anyone ask your professional Realtor for a referral

]]>