Hi, Randy, pasingit lang.. if you're asking which one is cheaper, usually mas cheaper anf flexi-rate... fixed rates have high rates simply because if you want security, the lending company will put in a higher rate just to be sure they won't be on the losing end in the future.
What you are buying when you avail of the fixed rate is the certatinty that the premiums will remain the same no matter what (syempre that would be more expensive). The flexi rate is cheaper simply because the rates are not guaranteed and that is usually an added concern to the client. :-)
spurs <[EMAIL PROTECTED]> wrote:
spurs <[EMAIL PROTECTED]> wrote:
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
> 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]
__________________________________________________
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around
http://mail.yahoo.com
Ask our other classmates to subscribe, tell them to send an email to:
[EMAIL PROTECTED]
YAHOO! GROUPS LINKS
- Visit your group "4c-math94" on the web.
- To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
- Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
