Dorlyn, I’m not sure your situation, but for me it’s generally better to do a refi when I’m getting at least 1% or more in savings or if I have a hard money loan that I want to replace with a conventional mortage.

The 119k loan was recorded as a deed of trust on 12/22/04 as a conventional 5.5% adjustable loan.

You can very easily pay toward your principal, plus the interest only rate should be lower than a conventional 30 year fixed.Interest only is for savvy investors and smart people looking to diversify where they put their money.

The 119k loan was recorded as a deed of trust on 12/22/04 as a conventional 5.5% adjustable loan.

I would definitely require that they obtain conventional financing in 12 months.

One interviewee's guess was that about 1/3 of the June's 2800+ sales were to out-of-state investors but that seems high to me.The article said inventories are shrinking which is putting upward pressure on pricing.

My philosophy is not to hit a grand slam on each deal, but build inventory and create cash flow opportunities on volume.

We have done over 1500 deals (300 in 2009) and have a reputation in the industry for having great inventory at great prices.

My philosophy is not to hit a grand slam on each deal, but build inventory and create cash flow opportunities on volume.

I would also question what inventories are like, and if they indicate that while some houses are selling for greater amounts, others aren't selling at all.The caution that I would raise here is that house prices need to be in line with salaries.