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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Thu, 07 Jul 2005 20:41:10 -0400
/ Author of the message: The Shadow |
Title of the message: |
Re: mortgage loan suggestions
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Text of the message: |
if you are sure that the property will appreciate, at least u will have equity for a neg am. A neg am, (usually the pick a pay loan tied to the MTA index) u will owe more than the original loan amount, if you keep paying the min payment each month. If you intend to move how about a 3/27 fixed for 3 years adjustable every 6 months thereafter. kappo50@yahoo.com wrote: > Greetings. Here's the deal: > > --------San Jose. 1/1 condo. $300K. ------- > > First time real estate purchase will be my residence. > I do NOT expect to be there > 5 years. > I have money but will put zero down---this is > my only non-negotiable ( various reasons ). > > Sooooo.......loan suggestions please. > > > ( Neither my friends or realtor will make anything > off HOW I finance. They're all telling me to just do > a negative amortization because "this is > the bay area and it's inevitable that the property |
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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.