Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 37.81

-4.3%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John F. Dowd who wrote (168236)	7/15/2002 4:12:44 PM
From: Ali Chen	Read Replies (1) of 186894

"If a person owns a home and has refinanced it with present rates at a higher valuation he has taken equity out of the home. ... But if they did they have already monetized a great deal of their home by the refinancing." What "taken equity" are you talking about? I do not think you understand what "the refinancing" is. It looks like you are confusing it with "2-nd mortgage". When re-financing a home, you do not take any equity nor monetize anything. You just _potentially_ save on future interest payments. Even more, you have to pay "closing costs", which frequently makes the whole deal meaningless, unless you are planning to pay off your home in another 30 years. And if you can afford to amortize your loan at higher rate, it also makes the closing costs worthless. And if you continue to stay in your home and pay monthly installements, bank (or whoever the lender is) never loses, whether your home goes down or mortgage markets "turn around", as you say. It never ceases to amaze me how some people are easy to throw opinions on subjects they have no clue about. I am no expert on mortgage issues by any means, but even to me the basic concepts of financing are clear enough to note your confusions. - Ali

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next