Ryan

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Ryan, in Utah
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Ryan's Answers (11)
Greg, Buyer & Seller in 94043

My home loan is indexed on LIBOR. Am I safer than someone who is indexed off of the Fed rates?

Asked Wed Sep 17 2008, 15:42 by Greg  -  Mountain View  -  Financing  -  12 answers
Ryan answered:
Luke... No it didnt. That was yesterday. And and nothing to do with most mortgages they are based on the 1 year. These are the current rates. Whoever wrote the article you posted is an idiot. - Wed Sep 17 2008, 17:59
I dont know what the first person is talking about saying it doubled today. Its not true. LIBOR stands for London Inter Day Offering Rate. Its pretty steady and many banks use that to adjust mortgages. Its fairly stable but its currently at around 3.13%.... that is your floor rate your margin is prolly 2-3% above that. You could easily find a fix rate better then that right now.

16 years mortgage real estate experience - Wed Sep 17 2008, 16:02
Rose, Buyer & Seller in Ohio

My home is listed on Sheriff Sale. 135,000 is appraisal, $45,000 is deposit. Can I still save my home?

Asked Tue Sep 16 2008, 18:12 by Rose  -  43123  -  Foreclosure  -  5 answers
Ryan answered:
If you can show that you have and adjustable rate mortgage that changed and it hurt you. You can do FHA Secure. They will buy you out of default. To your question can you buy your own home at sell? You can. But can you get the loan to do it? Unless you have cash its not an option. And yes somebody can outbid you.

I dont know your loan terms or what is going on. Per your appraisal I had 2 done yesterday they came back over 30K difference. I hope you save your home but FHA secure may or may not be the best way. Email me if you have any questions. But you have to act quickly. - Wed Sep 17 2008, 10:59
Trying to Se…, Home Seller in Plano

I countered an Offer in this Market, was I crazy?

Asked Wed Sep 17 2008, 09:35 by Trying to Se…  -  75025  -  Home Selling  -  8 answers
Ryan answered:
I agree with Naima. The borrowers need the money to close. You should keep the 4K in the deal and change your sales price up. To them its 8-12 bucks a month. Point is they need the 4K to close. You are not greedy but dont take away their closing costs. Otherwise they might not be able to buy it.

16 years mortgage real estate exp - Wed Sep 17 2008, 10:51
Andy, Home Buyer in Alpharetta

Our combined income is around $121k a year. Are we being unrealistic looking at homes priced close to $500k?

Asked Wed Sep 17 2008, 05:37 by Andy  -  30319  -  Home Buying  -  56 answers
Ryan answered:
Okay maybe im the only one that doesnt want your business.... Its too high. Even if you have 1 child. If you have no kids then maybe it works. Whats more important the couch your sit on or the memories from a vacation. If its the couch you sit on, go ahead and buy it. It you have kids... its way too much. My opinion. - Wed Sep 17 2008, 10:45
Anon, Home Buyer in Santa Monica

Is there an ethics board for real estate agents to report questionable ethics/practices to?

Asked Wed Sep 17 2008, 09:56 by Anon  -  Santa Monica  -  Home Selling  -  4 answers
Ryan answered:
I agree with Eric. But I also agree any bad behavior should be reported. And Eric is right they take this very seriously. Its sad that normally its not reported. I only responded to give you the site. Contact numbers are there as well.

16 years mortgage real estate exp - Wed Sep 17 2008, 10:38
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