Subject	its not a big deal to refinance to pull money out..
Posted by	frozenguy on April 18, 2005 at 9:43 PM
	This message has been viewed 40 times.
In Reply To	my wife is awesome! posted by dswtflip4u on April 18, 2005 at 08:57 PM
Message	how do you know what type of percentage he is pulling out? should he take out a personal loan? i got quoted 18% for my personal loan form wells fargo. he said he is in real estate so he knows what he is doing.. people are so affraid of refinancing or anything and its mainly because htey odnt know much about mortgage. hardly anthying at all really.. its not a big deal to refinance..maybe he is getting into a loan that suits his needs better and getting into a lower rate and borrowing 20k on a loan amortized over 30 years is nothing.. that is only 147 bucks a month at 8% which is high ballin it kinda of. go for it dude.. you cant get a loan like that for just pure cash.. and your house is always building equity so go for it.. he is just taking an advancement of his appreciation on his house.. not sure how strong the market is in dallas but i'm sure it cant be horrible
Follow Ups	my wife is awesome! - dswtflip4u 20:57:54 04/18/05 She's obviously not a financial planner. (n/m) - trackstar 21:01:25 04/18/05 Re: She's obviously not a financial planner. - dswtflip4u 21:11:38 04/18/05 How long have ya'll been in business? (n/m) - Jimina 21:12:54 04/18/05 Re: How long have ya'll been in business? - dswtflip4u 21:16:48 04/18/05 was that a joke? LOL - Waco300zx 21:13:04 04/18/05 Re: was that a joke? LOL - dswtflip4u 21:15:27 04/18/05 She seems awesome... But think twice... Re-financing - BlitZ95TT 21:02:14 04/18/05 Re: She seems awesome... But think twice... Re-financing - dswtflip4u 21:12:16 04/18/05 Oldest trick in the book - Broke_as_**** 21:02:58 04/18/05 Does she have a sister? (n/m) - TRUOMEGA 21:03:55 04/18/05 why not get $30k out, and build it even better? (n/m) - SactoTodd 21:23:00 04/18/05 hmm, nah. i'd say shoot for at least $45k. - bjammmin (SoCal) 21:25:49 04/18/05 May as well buy a new Lotus Elise. (n/m) - IBPimpn(Ca) 23:25:41 04/18/05 Why not get 30k out and do something smart..... - titefit 08:05:49 04/19/05 took me 1yr to save up enough for a good paint job i - sethkins88 21:26:15 04/18/05 Cool, but I would not go into debt for something like that. (n/m) - Jimina 21:30:40 04/18/05 why would you let her let you do that? (n/m) - Spee 21:33:22 04/18/05 And I thought I was obsessed with Z's. But there is no way - titivillus37 21:36:12 04/18/05 its not a big deal to refinance to pull money out.. - frozenguy 21:43:02 04/18/05 It's not about the refinancing, it's what he intends to use> - trackstar 21:51:33 04/18/05 rriigghhtt.. looks like you have a hefty mod list..where - frozenguy 22:09:34 04/18/05 upon further investigation of your list, i realize i looked - frozenguy 22:21:28 04/18/05 I disagree - aliaZ 21:50:23 04/18/05 20k is not enough - govaardz(Aruba) 21:50:46 04/18/05 mod within your budget (n/m) - katzalex 21:54:52 04/18/05 umm that's a seriously dumb idea (n/m) - College Boy 22:03:51 04/18/05 Terrible financial decision. (n/m) - AzHeat 22:08:36 04/18/05 why is it such a terrible financial decision? - frozenguy 22:13:44 04/18/05 i believe in getting the money in hand first - College Boy 22:16:59 04/18/05 so you think paying cash for a car is a smart idea? - frozenguy 22:19:41 04/18/05 a lot cheaper than financing. Never buy a new car. Always - AzHeat 22:27:02 04/18/05 Occupation: server/build computers/student (n/m) - Guapo 22:39:39 04/18/05 it also says that i have a greddy e-01 and a jspec front - frozenguy 22:44:45 04/18/05 shurg (n/m) - Guapo 22:48:32 04/18/05 my fault anyways, i should have updated..its done now (n/m) - frozenguy 22:56:02 04/18/05 yes that's what i did...i would never finance anything - College Boy 02:46:24 04/19/05 It's just simply a sound financial principle. You spend - dilo 06:38:19 04/19/05 HA!! (as a former loan officer)...I got stories for you! (n/m) - quikz 22:22:12 04/18/05 Financing a Z06 is terrible decision too. If you don't have - AzHeat 22:23:52 04/18/05 2nd. Very smart^^^^ (n/m) - ZXRider(SoCal) 22:27:19 04/18/05 no..not smart.. at all - frozenguy 22:34:56 04/18/05 rent it out - ZXRider(SoCal) 22:38:32 04/18/05 right.. who the hell would pay 2.5k on a 400k house? (n/m) - frozenguy 22:45:18 04/18/05 Who said anything about buying a $400k house? $400k - AzHeat 22:58:57 04/18/05 i used 400k as an example price of a house.. you wanna - frozenguy 23:03:57 04/18/05 $800- $1000 mortgages are more rentable than $400k - AzHeat 23:08:59 04/18/05 more expensive???i'm confused.. 400k is not more expsive - frozenguy 23:13:31 04/18/05 A $500k home in Phoenix will get you a very nice - AzHeat 23:47:42 04/18/05 well it varies from place to place - ZXRider(SoCal) 03:17:17 04/19/05 that would be stupid.. he should use the money to make the - frozenguy 22:30:20 04/18/05 (most refi), to repay ALOT of present debt, - quikz 22:37:08 04/18/05 Re: Financing a Z06 is terrible decision too. If you don't have - Dustin 23:06:47 04/18/05 Pay cash . House is a different story. Mine - AzHeat 23:39:35 04/18/05 by definition sports cars are "liabilities" not "investments - ConVerTT 23:20:09 04/18/05 When it comes to money, yes it is a bad decision, but ... - NytWolf 22:46:18 04/18/05 money smoney... (n/m) - Ebola 22:49:39 04/18/05 When you are retired on SS and live on cat food and - AzHeat 23:06:47 04/18/05 rihgt..until you cant pay your insurance on the house, and - frozenguy 23:15:21 04/18/05 No one is going to take your house away for not paying - AzHeat 23:42:40 04/18/05 i didn't mean you would loose your house over - frozenguy 00:22:52 04/19/05 lmao (n/m) - ENVYMYZ 00:30:04 04/19/05 LOOK AT THIS.. i wrote this to this guy saying he was going - frozenguy 22:50:06 04/18/05 hell, i can go farther in saying not to even put the 160k - frozenguy 22:57:11 04/18/05 Cash = best way. - ZFreak (Dallas) 23:51:09 04/18/05 bad financial move, taking equity out of a home - robo (sebring1970) 23:56:11 04/18/05 Dont listen to any of these guys.... - ZisLuv 05:05:05 04/19/05 Is there such a thing as "student loans" down under? (n/m) - titefit 10:03:15 04/19/05
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