Real estate blog entries tagged with adjustable rate refix by Orville Ivor McCallister (Keller Williams Realty La Mesa)

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Home : Blogs : Orville Ivor McCallister : Orville Ivor McCallister's Blog : Tag "adjustable rate refix"

adjustable rate refix: I can't refinance and my mortgage rate adjusted this month and there is no way I can pay my new payment. - 01/15/09 02:03 PM

At the time having your rate locked for 3-5 years seemed like a good plan. It seemed so far away and you wanted to qualify for that bigger home. Understandable, values were climbing so fast with no end in sight. Why not, your kids could have their own rooms and a bigger yard. The American dream realized. Now we come to 2009 and values in some areas have plummeted and we really are not at the bottom quite yet. What do you do about that payment adjustment now that your 5 year lock is over and your payment went up by … (0 comments)

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Orville Ivor McCallister

San Diego, CA

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Keller Williams Realty La Mesa

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