Corepuncher's Account Talk

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Thanks everyone for the heads up.

I'm not sure on how to go about doing it, but I'd like to refinance my house, it's currently 6.25%
 
JTH said:
Thanks everyone for the heads up.

I'm not sure on how to go about doing it, but I'd like to refinance my house, it's currently 6.25%
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The Washington Post in my area has a Real Estate Section that comes in the Sunday Newspaper. It show's Bank's that offer different rates to Refinance your loan. You call them and they will put you in touch with refi person.

6.25 down to 4.875 IMO is worth doing. I would look for 0 Points and the Bank bank pays all fees. A straight fixed rate loan.

You need to look at different banks interest rates and call them..

It's Easy...
 
poolman said:
6.25 down to 4.875 IMO is worth doing. I would look for 0 Points and the Bank bank pays all fees. A straight fixed rate loan.

You need to look at different banks interest rates and call them..

It's Easy...
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It's easy UNLESS you're upside down in your mortgage. :( I purchased my home two years ago. I was smart enough to get a fixed rate mortgage but it's at 6.25%. And home prices in my area, which were among the fastest growing in the nation, have now fallen faster than most. So I'm upside down. I'll bet that even my 800 credit score won't get me a refi. :worried: Rats!

Corepuncher, grab that refi and run!

Lady
 
XL-entLady said:
It's easy UNLESS you're upside down in your mortgage. :( I purchased my home two years ago. I was smart enough to get a fixed rate mortgage but it's at 6.25%. And home prices in my area, which were among the fastest growing in the nation, have now fallen faster than most. So I'm upside down. I'll bet that even my 800 credit score won't get me a refi. :worried: Rats!

Corepuncher, grab that refi and run!

Lady
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XL-entLaydy,

I hear what your saying. I don't know your circumstances but if I thought I could pull it off I would call the institution that was holding my mortgage and insist on a Re-Fi from them otherwise you are thinking of abandoning the home.. :nuts:

Of course this is just what you tell them.. I hope you understand what I'm saying. :)
 
poolman said:
XL-entLady,

I hear what your saying. I don't know your circumstances but if I thought I could pull it off I would call the institution that was holding my mortgage and insist on a Re-Fi from them otherwise you are thinking of abandoning the home..

Of course this is just what you tell them.. I hope you understand what I'm saying.
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Because I want to pursue this thought but don't want to hijack CP's thread I'd like to move this discussion over to my house. Thanks for the use of your home to begin this discussion, CP!

Lady
 
Birchtree said:
Sorry, I try to never read Denninger - I have this fear of fleas.
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I don't always agree with the guy, but the market is crap right now. This so called Santa Rally may last to the end of the year and then it will be flushed. He is correct though, in that America has spent her way into this mess and it won't change until people lower their debt and quit buying on credit.
 
Just a thought...

Anyone who is forecasting a "recovery" during the second half of this year is simply indulging a mirage.

I went 50C as of S&P 880...and am itching to sell. I think there will be another test of 918 between now and election day. Down days have been very low volume as of late...with much more volume on recent up days than down. I still believe you can't go wrong getting out now and waiting much of 2009 out. Be patient...there will be plenty more pain to come. Don't be 100% invested or you'll get killed...again. The markets are still going on old momentum that no longer applies. We are in a new age.
 
CP,

Thanks for the advice. I also am waiting for a Santa rally to get out before year-end. Hoping for a questionable event? I hope there is a rally for a couple of days.....

Corepuncher said:
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I went 50C as of S&P 880...and am itching to sell. I think there will be another test of 918 between now and election day. Down days have been very low volume as of late...with much more volume on recent up days than down. I still believe you can't go wrong getting out now and waiting much of 2009 out. Be patient...there will be plenty more pain to come. Don't be 100% invested or you'll get killed...again. The markets are still going on old momentum that no longer applies. We are in a new age.
Click to expand...
 
CP,

It's 6:07 AM Eastern time. I have heard repeatedly on CNBC in the last half hour that there is not going to be a Santa Calus rally this year for a few reasons that I failed to pick up. Something to do with the "books are closed for the year" and the "big boys are not willing to take more risks". If someone can clarify this, please do!
 
airlift said:
CP,

It's 6:07 AM Eastern time. I have heard repeatedly on CNBC in the last half hour that there is not going to be a Santa Calus rally this year for a few reasons that I failed to pick up. Something to do with the "books are closed for the year" and the "big boys are not willing to take more risks". If someone can clarify this, please do!
Click to expand...

If you are hearing it from mainstream media, do the opposite 50/50/90.:cheesy:
(You give them a 50/50 chance. 90% of the time they are wrong. JMHO)
 
Corepuncher said:
Just a thought...

Anyone who is forecasting a "recovery" during the second half of this year is simply indulging a mirage.

I went 50C as of S&P 880...and am itching to sell. I think there will be another test of 918 between now and election day. Down days have been very low volume as of late...with much more volume on recent up days than down. I still believe you can't go wrong getting out now and waiting much of 2009 out. Be patient...there will be plenty more pain to come. Don't be 100% invested or you'll get killed...again. The markets are still going on old momentum that no longer applies. We are in a new age.
Click to expand...

Happy new year! I'm thinking about going 100G Friday...I don't like what's on the economic plate next week. Last week's initial claims number was lower than expected...but continuing claims continue to rise. I may miss some rally, but man I sure believe there is mucho downside over the next 1 to 2 years.
 
Corepuncher said:
Happy new year! I'm thinking about going 100G Friday...I don't like what's on the economic plate next week. Last week's initial claims number was lower than expected...but continuing claims continue to rise. I may miss some rally, but man I sure believe there is mucho downside over the next 1 to 2 years.
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Over the next 1 to 2 years?
Might as well go back to the lily pad and turn off the lights. Would save me a lotta time not having to check progress every day. ;)
I'm tempted to go all G today too.
 
TerpTrader said:
Over the next 1 to 2 years?
Might as well go back to the lily pad and turn off the lights. Would save me a lotta time not having to check progress every day. ;)
I'm tempted to go all G today too.
Click to expand...


It is so hard to play bear market rallies with only 2 IFT's. Too bad FRTIB does not put a bear fund or two into the TSP. I am going to buy more SDS today in my trading account if the S&P rises to 910.
2009 does not look to rosey to me. Capital preservation appears to be the theme for me this year.
 
I am 80% in G, 20% in C, having recovered some since the big hit last month. I bought and DCA'd into the C fund for the last couple of pay periods. The SPX is holding above the 20 Simple DMA and above the 20 EMA. Last Wednesday the SPX closed above the simple 50 DMA (887.26). If the SPX moves above the 50 EMA (915.54), and rises above 918 and holds, wouldn't that justify holding and letting at least 10 percent to ride the bumps in January until at least the swearing ceremonies in Jan 20?
 
100G...I may risk a quick in and out of 50% if we immediately go down a percent or two next week...but hedging out for the big "home run". Surely we will retest the 741 lows...at the very least. 915 to 741 back to 915 = at least a 23% gain. I'll take it. Don't be fooled by this rally...get out.
 
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