Real Estate Forums

Las Vegas Real Estate · 09-27-2005, 01:24 PM

I have heard recenlt that programs like the "negative am" and "interest only" loans are starting to see negative effects from those buyers who chose to go with them over a year ago in markets such as the Las Vegas real estate market. Any thoughts?

Las Vegas Homes · 09-28-2005, 06:35 PM

I have heard the same thing, especially, like you said, here in the Las Vegas real estate market! I would love to hear a mortgae professional's response...

REMAX LV · 10-07-2005, 01:17 PM

Yes, I have read the same things. Although I am not really sure how interest only loans are already being affected, since here in the Las Vegas real estate market those loans only really became prevelant within the last year and 1/2 or so..?

G550 · 10-24-2005, 02:34 PM

I feel we might see a minor uptick in refinances from borrowers that have their 3-year ARMs coming due. Also, I've seen borrowers consolidating their first and home equity lines of credit into a decent rate, 30 yr fixed or 10/1 ARM.

Now one can really predict future rates, but some borrowers are playing it safe by refinancing now, rather than waiting.