Keith Gumbinger
Keith Gumbinger
good
If you've already got one set up, you're good to go.
below borrow half percentage point possible prime quarter
In many markets, it's possible to borrow at prime or even a quarter to a half a percentage point below prime.
bet build equity gambling market product
If you're the gambling sort, you could get into an interest-only product and bet that the market will build equity for you.
last low months rates
If you've refinanced in the last 18 months or two years, this movie's a rerun. Rates aren't at compellingly low levels.
brand credit digging equity further home line people shovel themselves
For some people a home equity line of credit is a brand new shovel for digging themselves further into debt.
borrowing costs influence mean stop
Does that mean (consumers will) stop borrowing because it costs them another $5 a month? Probably not. It may influence decisions. I don't think it halts decisions.
additional continue debts exceed guarantees home levels prices quickly rates remain value
Not only do you not own any of your home, but you may be piling up additional debts that could quickly exceed the value of the home. There are no guarantees that rates will remain at comfortable levels and no guarantee that home prices will continue to go up.
home late night purchases saw
No-money-down home purchases used to be the kind of thing you only saw on late night TV.
borrowers choices expanding include loan means menu niche opportunity
Expanding your menu (as a lender) to include as many loan choices means you get a better opportunity to scour borrowers out of niche markets.
almost decent
You could go to almost any lender and for no fees find yourself with a decent rate.
baton current expectation greenspan left pick
The current expectation is that he'll pick up the baton where Greenspan left it off.
break cost eventually money mortgage supposed virtually
All mortgage money may eventually cost virtually the same. You're supposed to get a break (with ARMs). Where's the break?
fixed insulated longer
The longer the fixed rate, the more insulated you'll be.
less mortgage pay ultimately
If you're making a pre-payment on your mortgage principal, ultimately you'll pay less interest,