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| 3 Quick Messages | ||||
 michelle |
Hi again.I too have to share Shane's opinion - there really are a few unanswered questions that make it hard to really offer an opinion. So much is truly dependent upon your future plans that it would be much better if you actually spoke with a mortgage professional to get your answers as one answer may lead to another question.Best of luck and feel free to contact me if I can be of further help. | |||
 shane |
Hi phinallydone03, I got the same private message as well. If you are looking for advice from multiple individuals it's best to post your question in a general section but it is fine to PM people instead - just realize you might get the same advice multiple times.If you do refinance, you will avoid a rate adjustment, but realize if you stay in the home longer and values fall further, it might be harder to sell it for what is owed on the property than it is now. Why would you like to move from Indiana to North Carolina? What if you had to stay in Indiana for awhile longer (talking several more years, possibly up to 10), would that be OK with your life plans?What are comparable homes to yours in your neighborhood selling for now?Since there are numerous items to talk about you should probably call me or vice versa, you can find my number is in my signature or it's 949-273-4161 | |||
michelle |
Hi Phinallydone03You sent the below msg to me but it was addressed to Lisa. I just wanted to let you know that it did not get to the correct person. I would be more than happy to help you if you wish but it looks like you and Lisa already have an estabished dialog. Let me know if I can be of assistance. MichelleThanks Lisa. Ok, I'd like to make the story clear. I live in IN now. I bought this house in 12/2003 for 250,000 and did 5/1 ARM. I put down 5% (can't remember). So, another words, I have ~37000 on 2nd equity. I know it will be adjusted in 12/2009. What should I do? I'd like to pay off my 2nd equity, but I don't think I can do it not until 3/2009. I'd like to move to NC too, but there is no opportunity for me yet. Just want to be safe, I think refinancing is good? What do you think? I know there are lot of houses put on sale in my subdivision. There some houses are on the market for >1 year. So, I don't it's a good idea to sell this house now. Please help or give me any adivce (refinance/sell the house?). BTW, I have excellent credit score. Your help is greatly appreciated. | |||
