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  1. irvinefsbo_IHB

    A 26-Year Old's Perspective

    <p>IT guy:</p> <p>You may not want to hear it, but you were exactly the customer for option ARMS in '02. With the ability to increase your income every year. But price is everything now, so you just have to wait for the right product. </p> <p>In the next 5 years, I see you not just buying...
  2. irvinefsbo_IHB

    Savings Vs Debt Pay off? free advice please?

    <p>ventouxbob:</p> <p>Yes, putting it on a credit card is a risky proposal for an average Joe. And this only works if you have a credit line 3 X the amount you want to borrow. Otherwise, you are correct your credit score will be compromised. Ideally you spread this $16,700 amount over 2...
  3. irvinefsbo_IHB

    Savings Vs Debt Pay off? free advice please?

    <p>ventouxbob:</p> <p>Yes, putting it on a credit card is a risky proposal for an average Joe. And this only works if you have a credit line 3 X the amount you want to borrow. Otherwise, you are correct your credit score will be compromised. Ideally you spread this $16,700 amount over 2...
  4. irvinefsbo_IHB

    Savings Vs Debt Pay off? free advice please?

    <p>Sorry I'm late to the conversation. </p> <p>But since you and your wife has such great credit, how about using the 0% or .99% or 1.9% on balance transfers on your credit card to pay off the Mini. </p> <p>I only advise this because you plan to pay the car loan in less than a year. Which...
  5. irvinefsbo_IHB

    Would you use a financial advisor?

    <p>Sorry hit return too soon. </p> <p>Most highly compensated people don't need financial advisors. There are plenty of good advice on the Internet. </p> <p>But you do need a lawyer to help with </p> <p>a living trust and will, especially if you have kids/real estate.</p> <p>a durable...
  6. irvinefsbo_IHB

    Would you use a financial advisor?

    <p>I would love to have a good financial advisor to recommend to friends in OC. I get asked this question at least once a week! Usually they just want me to advise them. But once you start doing that, it involves constant followup. I don't need that responsibility.</p> <p>I recently found...
  7. irvinefsbo_IHB

    How to live in a mini mansion for free for 6 months

    <p>Looks like unmaintained foreclosures are a big deal. So we have to get Irvine residents together to pass a local ordinance.</p> <p><em>http://www.npr.org/templates/story/story.php?storyId=12623065</em></p> <p><em>"Home foreclosures jumped nearly 60 percent during the first half of the...
  8. irvinefsbo_IHB

    How to live in a mini mansion for free for 6 months

    <p><a href="http://www.latimes.com/business/printedition/la-fi-vacant28aug28,1,1057008,full.story?coll=la-headlines-pe-business">http://www.latimes.com/business/printedition/la-fi-vacant28aug28,1,1057008,full.story?coll=la-headlines-pe-business</a></p> <p>Now home owners have to worry about...
  9. irvinefsbo_IHB

    12 month Countrywide bonds 25 - 35% yield a good deal?

    <p>August 16, 2007, 11:00 am </p> <strong> <p>Countrywide Bonds Offer Juicy Yield for the Hearty</p> <p>Posted by Dana Cimilluca </p> <p><a...
  10. irvinefsbo_IHB

    Where is a good place to buy if not Ca??

    <p>wendyinoc:</p> <p>FL is a terrible place to buy unless you can pay all cash. OptionOne stop funding loans for any condo in FL. Others will follow suit.</p> <p>http://www.oomc.com/post/_marketing/phaseVII/phase7pg.html</p>
  11. irvinefsbo_IHB

    OK to Buy in NEWPORT Coast??

    <p>One year is all we ask, it will make a huge difference. Look at the chart from John Maudlin's new letter.</p> <p>http://www.2000wave.com/article.asp?id=mwo080307</p> <p>"But it will take longer than you might think for that negative influence to decrease. Let's take a look at the...
  12. irvinefsbo_IHB

    OK to Buy in NEWPORT Coast??

    <p>Potential Buyer:</p> <p>From your previous Turtle Ridge post, you mentioned that you were a relocation buyer.</p> <p>My friend who relocated from Irvine to Thousand Oaks was in a similar situation in 2006. She sold her Irvine home for a $350K profit. She rented in Thousand Oaks because...
  13. irvinefsbo_IHB

    $$$ Advice

    <p>Look to see if the bank you invest your CDs is solid. http://www.fdic.gov/bank/individual/bank/index.html</p> <p>Ladder your CDs so they don't all expire at the same time. Some IHB posters recommend savings accounts at Everbank, ING and Countrywide Financial. Pay as much as CDs but don't...
  14. irvinefsbo_IHB

    Getting a mortgage

    <p>Masterofdamoney,</p> <p>It is not a free loan, you are paying for a home appraisal and you pay interest every month on it. I am just offering a different view for financing a primary residence. </p> <p>By using a fixed home equity loan, for those of us who have at least 20% equity in...
  15. irvinefsbo_IHB

    Getting a mortgage

    <p>I was wondering about how it was going for you now hardwareguy? </p> <p>I am glad you only nibbled instead of biting. Another alternative financing option when you put such a large down payment is a fixed home equity line of credit. They go up to $400K now with loan terms up to 20 years...
  16. irvinefsbo_IHB

    Our formula for buying now - we need rsources

    No wonder why it is still on the market and overpriced! Scratch that recommendation. Thanks for the followup oc_fliptrack.
  17. irvinefsbo_IHB

    Trade Secrets to Spot a Good House.

    Good post! Might want to add some tips on good neighborhood/street appeal.
  18. irvinefsbo_IHB

    Our formula for buying now - we need rsources

    <p>Not that I recommend that you buy now, </p> <p>Because your home will only be worth less in 2 years and you don't have much money to put down. But let's hope your income in the next few years will show significant growth.</p> <p>This one is a REO $504.5K 3bd, 2.5 ba condo in nice area of...
  19. irvinefsbo_IHB

    Buying a house from a parent....

    <p>Parent child transfers are covered under Proposition 58, if in Orange County use this form <a href="http://www.ocgov.com/assessor/forms.asp#props"><u>http://www.ocgov.com/assessor/forms.asp#props</u></a></p> <p> search for Prop 58 This allows parent to children property transfers of less...
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