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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
is an accommodation and real estate directory, where real estate property owners or real estate agencies connect with vacationers and home buyers worldwide. If you are a seller, you can add listings in few seconds, and if you are a buyer you can search listings to find your dream property!
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 1 Jun 2005 08:38:43 -0700
/ Author of the message: "Questions" |
Title of the message: |
Mortgage Rate Cap Programs
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Text of the message: |
I have a question. My mortgage company is offering me a protection program. They will lock my rate to go no higher than .75% than what it is now (5.75%), so if the rates go down, I get the lower rate, but if the rates go higher, I would have to pay no more than 6.50%. This would lock me for 9 months (I need 7 months). The mortgage company is charging me 1% of my loan, so this is over $2,000 for me. Is this a good idea to do? I'm thinking it is a lot like insurance, where it is better safe than sorry, but $2,000+ is a lot of money if the rates don't move higher.... Any advice would be appreciated. . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.
Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.