parang adjusttable rate (ARM) yung kay Randy, iba lang ang tawag sa kanila...
arlene, im studying which one is more economical/practical between ARM and fixed rate... it looks like if you don't plan to keep your house for the duration of loan, (which is more likely as per study, 70% keep their house only for less than 7 yrs, they get new or bigger houses after that), ARM tends to be more beneficial (say 7 yrs ARM) than the 20 or 30 yrs fixed rate if you will sell it in about 7 yrs.... but if you plan to keep the house for 30 yrs, or 20 yrs, (which is the duration of the loan), fixed rate is more desireable... thats how i analyze it... ano sa tingin mo?? with that said, i might go with 7 or 5 yrs ARM... base sa stats kasi eh baka ibenta ko din to get bigger houses later on in less than 7 or 10 yrs... anyway, nga pala, hindi ko pa tinuloy yung pagbili ko ng house... postpone ko na muna siguro mga oct or nov... i believe builders give better deal during those times, year end, to catch up to their inventory, accdg to my real estate advisor... spurs tonight... dito na sila sa SA... have u seen the last game? was sooo intense diba... very tight... will they win game 6 tonight? abangan...!!! --- In [email protected], "tribalknowledge" <[EMAIL PROTECTED]> wrote: > Dito kapag sinabing 30 years fixed rate, for 30 years yun lang ang > rate mo. Pero meron ding mga adjustable rate mortgages. Kami 30 > years fixed rate :(. Sa previous bahay namin, 15 years fixed rate > lang yung loan namin. Kaya lang ngayon, mas malaki yung loan amount, > too risky for us na gawing 15 years lang yung loan. Kaya ang > ginagawa namin, nag-eextra payment na lang kami every month. > > Here's an interesting calculator. Using this, you can find out how > much you're going to save in interest payment and the duration of the > loan payment by making extra payment: > > http://www.statefarm.com/apps/mortgage- > calculators/Calc_Amort_Prepay.asp?PageId=Prepay > > --- In [email protected], "JCR" <[EMAIL PROTECTED]> wrote: > > Hi Arlene, > > > > Tawag dito fixed rate closed mortgage (my rate is locked for 4 > years).. terms dito usually max of 25 years mortgage terms, wala pa > kong alam na umabot ng 30 yrs (too long). The house we got is still > in GTA (Greater Toronto Area), 3 mins. drive to subway & 10 mins > drive to my workplace. makakaligtas na ko sa 75km drive daily!!! > > > > good luck sa vacation mo... miss ko na rin Janets food saka > bilyaran sa uste! di ako nakagala last vacation (2004) busy sa > wedding. > > > > Randy ... > > > > > > ----- Original Message ----- > > From: tribalknowledge > > To: [email protected] > > Sent: Sunday, June 19, 2005 10:17 PM > > Subject: [4c-math94] Bob and Randy > > > > > > Hi Bob! Pexer ka rin pala ha. > > > > Hi Randy! Congrats din on your new house! Sa Canada ba, ang > term ng > > fixed rate loans, usually 15 years and 30 years din? > > > > Okidoki, artichokey! > > > > > > > > > > > > Ask our other classmates to subscribe, tell them to send an email > to: > > [EMAIL PROTECTED] > > > > > > > > > > > > ----------------------------------------------------------------- --- > ---------- > > Yahoo! Groups Links > > > > a.. To visit your group on the web, go to: > > http://groups.yahoo.com/group/4c-math94/ > > > > b.. To unsubscribe from this group, send an email to: > > [EMAIL PROTECTED] > > > > c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of > Service. Ask our other classmates to subscribe, tell them to send an email to: [EMAIL PROTECTED] Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/4c-math94/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
