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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (22675)	12/4/2002 1:57:40 AM
From: Roebear	Respond to of 36161

nspolar, Very tempting rates and hard to imagine just a year or two ago. An undeniable sign of the times. Soon they will be paying for folks to take their FRN's, but gee whiz, they actually are now, with negative real rates! With ready reserves available, a good move. Best, Roebear

To: nspolar who wrote (22675)	12/4/2002 2:20:56 AM
From: Sharp_End_Of_Drill	Respond to of 36161

Nspolar, taking out a loan, getting the cash, and then buying physical. Almost sounds like the reverse of the gold carry trade. I hope it works out for you. I'm personally taking all the 0% money I can get my hand on, and it doesn't seem too hard to get. Sharp

To: nspolar who wrote (22675)	12/4/2002 7:42:13 AM
From: loantech	Respond to of 36161

nsp, Thanks for coming to me for the loan. LOL. I like the arms only if you have a chance to pay a chunk down against principal in the relative near future ,2-3 years, or plan to move in two to three years. Depends on annual interest rate caps etc. Another good loan is a 5/1 or 3/1 arm that is fixed for 5 or 3 three years. Not a bad way to go though if you can apply chunks to the balance as you go. Tom PS:As mortgages are long term I prefer a more conservative approach, BWTHDIK?