Gary Akright
Gary Akright
difficult game move plan starting until
They typically had a game plan in mind. A lot of them are still hesitating. Until they really see it starting to move up significantly, it's very difficult for them psychologically to move away from that.
costs factor
You need to factor in the (interest-rate) differential, as well as the costs of refinancing.
figured pay
They figured they would be moving, downsizing or able to pay it off.
adequate adjusted adjustment assess calculate compare funds market mortgage pay personal rate reduce
They should calculate what their rate would be if adjusted in today's market and compare that with today's fixed-rate market and assess their personal situation. Do they have adequate funds to reduce or pay off their mortgage at the end of the adjustment period?
bang buck clients couple giving last mortgage
For the last couple of months, I've been contacting clients and giving them that opportunity. You're getting much more bang for your buck doing a fixed-rate mortgage than doing an adjustable-rate mortgage.