HDTenEightyP/NetNews huggingface dataset:
From: mmpjh@angelo.amd.com (Javed Hussain)
Newsgroups: misc.invest.real-estate
Subject: Advise on Refinance ( How to analyze what rate is best?)
Date: 11 Sep 92 16:44:27 GMT
Distribution: usa
Organization: Advanced Micro Devices, Santa Clara, CA

Hello Netland Fellows!

I am planning to refinance my home to the present low rates. I nned a jumbo loanof at least $300,000. There are couple of options I have:
	1. Fixed 30 year loan at 8.25% with 2.25 points.
	2. ARM with 4.75%, 6 month CD, 1%/6 month cap, Lifetime 10.75%, 2.75%
	   spread with 1 point. Rate change every 6 months.
	3. ARM with 5.25%, 1 YTB, spread 3%, 2%/year cap, Lifetime 11.25%, with
	   0.375 points.

With fixed rate, I have some difficulty in qualifying. Rest no problem. What I
want to know is how to analyze different options to see which one will be a good
loan in the long run in terms of cost, future rate increases, payments etc.

Any input will be appriciated. 
Please email me or post here.

Thanks,

Javed   mmpjh@amd.com
Xref: sparky misc.invest.real-estate:668 misc.consumers.house:12120
Newsgroups: misc.invest.real-estate,misc.consumers.house
Subject: Re: FHA loans, termites
From: caddell@altair.csustan.edu (Joseph Caddell)
Date: Thu, 10 Sep 92 23:29:48 GMT
Distribution: usa
Organization: Chem. Dept., U.C. Davis

In article <1992Sep9.231016.5591@porthos.cc.bellcore.com> tony2@prefect.uucp (21131-gozdz) writes:
>In article <BuB86w.23J@apollo.hp.com> daniels_d@apollo.HP.COM (Dave Daniels) writes:
>>
>> Has anyone here, heard of a new policy when financing
        [Stuff about termites removed]
>>Thanks for any feedback.
>>-Dave
>
>When we were buying a house 6 years ago from a builder,
>the soil was treated for termites and our warranty says
>it's good for 10 years.
>
>Tony
 What implications would this have for planting stuff in your
yard which your family will be eating?  Don't they use compounds
such as "Dursban" (tm) which if ingested are not real good for you?

Later,
Joe

-- 
+_)(*&^%$#@!+_)(*&^%$#@!+_)(*&^%$#@!+_)(*&^%$#@!+_)(*&^%$#@!+_)(*_+
!   "Like the moment when your brakes lock, as you slide towards  #
+  the big truck, you stretch the frozen moments with your fear." $
-                                       -Pink Floyd               %
From: lstarrit@dante.nmsu.edu (Larry Way Starritt)
Newsgroups: misc.invest.real-estate
Subject: Re: QUESTIONS THAT SHOULD BE ASKED
Date: 15 Sep 92 20:15:32 GMT
Organization: New Mexico State University, Las Cruces, NM

Sorry about the first post..dont know what happen.

Here it goes again.
I am thinking of buying 2.5 acres of land in New Mexico and building
a house on some of it.  Is there anyone out there would has done such 
a project if so what are some of the problems that you ran in to, things
like unexspectied cost, things in general that you did find out about until
you were half way there. Any and all info on this will be greatly appreciated.

Thanks 
Larry 
E-mail lstarrit@nmsu.edu
Newsgroups: misc.invest.real-estate
From: chandrab@cbnewsf.cb.att.com (b.chandramouli)
Subject: Re: Real Estate News Summary, Part 119
Organization: AT&T
Distribution: usa
Date: Tue, 8 Sep 1992 20:03:11 GMT

In article <1992Sep8.190945.15395@adobe.com> hamachi@adobe.com (Gordon Hamachi) writes:
>Real Estate News Summary, Part 119, August 1992
>
>930. The average fixed 30-year mortgage has slipped below 8% for the first time
							  ^^^^
>     in 20 years, but low consumer confidence will prevent a strong pickup in

>931. Thirty-year fixed mortgages dropped to 7.96%, the lowest since 1973. Along
					     ^^^^^
>     with low rates, Bay Area homes are $10,000 cheaper than they were a year

	The rates that are quoted in media reports like the ones above,
are they mortgage loan rates with 0 points or somehow they get standardised
(like APR) and reported?

chandra
att!acpfs!chandra
Newsgroups: misc.invest.real-estate
From: ajg@controls.ccd.harris.com (Arnold Goldberg)
Subject: Re: Real Estate News Summary, Part 119
Organization: Harris Controls and Compositions
Distribution: usa
Date: Tue, 8 Sep 1992 23:10:13 GMT

>>>>> On Tue, 8 Sep 1992 20:03:11 GMT, chandrab@cbnewsf.cb.att.com (b.chandramouli) said:

	b.chandramouli> 	The rates that are quoted in media reports like the ones above,
	b.chandramouli> are they mortgage loan rates with 0 points or somehow they get standardised
	b.chandramouli> (like APR) and reported?


Good question. I'm not sure... :)

I think that all Fannie Mae, and Freddie Mac average loan rates are quoted
with a standard two points.


arnold

--
------------------------------------------------------------------------
Arnold Goldberg                            Email:  ajg@ccd.harris.com
Phone: (407)242-5051                       Snail:  Harris Corporation
Fax  : (407)242-4262                               407 John Rodes Blvd.
                                                   Melbourne, FL 32905
The opinions expressed are my own and do not in any way represent Harris 
------------------------------------------------------------------------
From: mvacc@ssdc.UUCP (Mike Vaccaro)
Newsgroups: misc.invest.real-estate
Subject: Discounted Mortgages
Date: 4 Sep 92 20:39:51 GMT
Organization: Sterling Software IMD, Vienna, Va.




Hi, 
    I'm new to this group and was woundering if anyone has
had any experience or success in investing/trading in discounted mortgages.
I've heard a lot of good things about it and read a couple books on it.
If anyone has any info, please drop me a note.
Newsgroups: misc.invest.real-estate
From: macrakis@osf.org (Stavros Macrakis)
Newsgroups: misc.invest.real-estate
Subject: Re: buying our first home
Date: 14 Sep 92 18:05:55 GMT
Organization: OSF Research Institute

In article <BuJ7y9.56B@news.cso.uiuc.edu> youngs@osiris.cso.uiuc.edu (D.Youngs) writes:

   We expect to stay in the area we recently moved for 2-3 years.
   ...Our question is whether it is worth buying a house for such a
   short time span?

It is possible to get a zero-closing cost mortgage (at slighly higher
interest rate), so your buying costs are minimal (you still might want
to hire an attorney of your own to check the paperwork).

Selling costs, on the other hand, are harder to control.  The normal
real estate agents' fee is 6% of the selling price.  It is possible to
sell without going through a broker, but you do have to work at it.

As the owner, you would also be taking on whatever unknown problems
the house has (if any), and would presumably fix them as they became
apparent.  You would have maintenance (or depreciation if you didn't
keep it up) -- or you might want to put some work into the house to
upgrade it (but don't raise your hopes too high: most home
improvements do NOT pay for themselves at sales time).  Don't forget
in your financial calculations that you'd have to pay not only
principal and interest, but also insurance and taxes.  On the other
hand, don't forget the tax effect of paying mortgage interest.

It might take a couple of months to buy (from starting to look to
closing).  How long it will take to sell no one knows: it could sell
within a week of being put on the market, or it could linger for a
year.

So in general I doubt it is worthwhile to buy if you _know_ you'll be
moving in 2-3 years.  Of course, it all depends on the relative costs
of buying and renting (which is very variable from region to region,
even from town to town).

But only you can do the detailed calculations.

	-s
From: bobk@sequent.com (Bob Krull)
Newsgroups: misc.invest.real-estate
Subject: Re: Software for calculating "accelerated" mortgage payment
Keywords: mortgage, software
Date: 14 Sep 92 23:46:58 GMT
Article-I.D.: sequent.1992Sep14.234658.28332
Organization: Sequent Computer Systems Inc.

In article <1992Sep14.165405.18275@porthos.cc.bellcore.com> mmhp@quartz.bellcore.com (Marcus Pang) writes:
>
>Does anyone know of software that can calculate "accelerated" mortgage
>payment?  "Accelerated" means paying an additional amount towards the principle
>each month.  What I want to know is how much additional payment I have
>to make in order to shorten the life of my mortgage loan by X number of years.
>
>Any input will be appreciated.
>
>Marcus (mmhp@quartz.bellcore.com)


Any old financial calculator capable of NPV calculations, or any
spread sheet with a PV function can do this.

-Bob Krull
From: lvs@austin.eds.com (Larry Vansickle)
Newsgroups: misc.invest.real-estate
Subject: Clever property tax reduction trick?
Keywords: property tax reduction, tax sale
Date: 9 Sep 92 23:18:44 GMT
Organization: EDS Research, Austin, Tx

My wife and I recently looked at a piece of property that was 
scheduled for tax sale.  The tax sale notice advertised three
parcels owned by the same person in a wonderful location.  We 
investigated and found that the parcels individually were too
small to build on because of county septic tank regulations,
but were told that the three parcels could be combined to 
allow building.

We went to look at it and the land was indeed wonderful.  It 
was the top of a hill with a 360 degree view in the hills west
of town, and a partial view of the city.  An absolutely 
gorgeous piece of property and a steal at the price.

Then we looked at the plat.  It looked like this:
   
             /\             where the parts labeled 'A' were
            /  \            the parts up for tax sale.  One 
           / A  \           owner had owned the whole triangle, 
          /------\          both A and B, as a single parcel,
         /        \         then carved out B and sold it,
        /          \        keeping the A parcels.  He then 
       /     B      \       stopped paying taxes on the A 
      / \          / \      parcels.  Now the interesting part.
     / A \        / A \     This is sheer speculation on my 
    /     \      /     \    part, but things might have gone
    --------------------    like this:  A has a buyer, B. 
B wants the hilltop.  A carves off the corners, and sells B 
the middle.  A stops paying taxes on the corners, nobody can 
build on them, and they eventually return to the county, which 
will leave them wild.  B has the view and half as much land 
to pay taxes on, but has the same effect as if he owned the
whole triangle and let the corners stay wild.  A is not out
anything, his tax debt is satisfied by having the county take
the property.

Looks pretty clever to me.  Needless to say, we did not bid.

Larry Van Sickle        lvs@austin.eds.com      Austin, Texas 
Newsgroups: misc.invest.real-estate
From: jieh@cbnewsg.cb.att.com (jieh.lee)
Subject: Info needed: Investment Loan Lender, Atlanta GA area
Keywords: investment loan
Organization: AT&T
Distribution: usa
Date: Thu, 10 Sep 1992 18:42:56 GMT

Hello there,

I'm looking for some financial institutions who still willing to provide 
investment loan to rental properties.

Thanks in advance for your help.


Jieh Lee	jal@cblpe.att.com

-- 
Jieh Lee (jal@cblpe.att.com)
AT&T Bell Laboratories
----------------------------------------------------------------
I can hardly speak for myself, how can I speak for someone else?
Newsgroups: misc.invest.real-estate
From: hartley@deadcat (Allen Hartley)
Newsgroups: misc.invest.real-estate
Subject: REPOST -> HOME FOR SALE
Summary: PRICE REDUCED
Date: 8 Sep 92 19:57:44 GMT
Distribution: usa
Organization: U S WEST Information Technologies


NEW TO THE MARKET!!  Due to a relocation to another state I am selling
my home in Castle Rock.  Castle Rock is just 20 min from the Denver
Tech. Center, 45 min. from downtown Denver and the airport, and 45 min.
from Colorado Springs.  A 10 min. walk or 5 min. bike ride from my home
will get you to the new elementry school, soccer fields, a park, the
pool and tennis courts and a 2 mile trail system that runs through
Mitchell Creek Canyon.  The Canyon is backed by Castlewood Canyon State
Park and is a designated green belt.  A 10 min. drive will get you to
the new Factory Outlet Mall, 3 other pools, a new multi-million dollar
rec. center (and it isn't overcrowded), shopping, a new library, batting
cages, baseball fields, soccer fields, more parks, the Jr. and Sr. High
Schools, more new elementry schools, I 25, and a multitude of places to eat.

Castle Rock is a very nice area to raise a family. We have enjoyed the
opportunities the area has to offer.  We are located in a new area
called Founder's Village.  Founder's Village and Castle Rock are a very
family oriented area.  If I had to pick an area to live in the Denver
area, this would be one of my selections (we moved here a little over
three years ago).  The homes in the area have had a steady appreciation
(about 15%) over the past three years and is a nice alternative to
Highlands Ranch if you can't afford the house prices there but want a
comparable or the same house (many of the builders are in Castle Rock
too at $10k - 30k cheaper).  This is a nice area to get away from the
rush of everyday life, but allows you to be close to the things you need.

THE HOME
--------
	2 Story a little over 3 yrs. old with a non-qual, FHA assumption
	Located in a cul-de-sac off the main road (great for kids)
	4 bedrooms 2 1/2 baths
	1300 sq. ft. finished
	700 sq. ft. unfinished basement with rough in plumbing
	2 car garage with automatic opener
	Oak hardwood floors in the kitchen, dining room and entry
	Vaulted ceilings and fireplace with gas logs in the living room
	Large SOUTH facing windows in the living room
	New paint and wallpaper throughout
	1 1/2 year old exterior paint and roof
	Fully landscaped front and rear with automatic sprinklers
	Fully fenced 2500 sq.  ft. back yard 
	New 315 sq. ft. multilevel redwood deck with outdoor lighting
	Bi-level back yard with two waterfalls and outdoor lighting
	384 sq. ft. graveled play area for the kids
	Sidewalks and city water and sewer

	It's a steal for $109,900


	For more information on how to purchase this home please call
	my broker, Whitman Parker at (303) 771-3311 or (303) 688-8080.
	I would be happy to answer any other questions about the home or
	the area call me at (303) 660-9870 evenings (Whitman can too, he
	also lives in Founder's).
From: asylvain@felix.filenet.com (The Chipmunk)
Newsgroups: misc.invest.real-estate
Subject: Re: Clever property tax reduction trick?
Keywords: property tax reduction, tax sale
Date: 14 Sep 92 20:29:28 GMT
Reply-To: asylvain@fritz.filenet.com (The Chipmunk)
Organization: Foundation for the Increased Wealth of Chipmunks

Written in article <1992Sep9.231844.28655@austin.eds.com>
 by lvs@austin.eds.com (Larry Vansickle):

: [ discussion of triangular lot, where corners can not built upon, so
:   the owner gave them up to failed tax payments. ]

: Looks pretty clever to me.  Needless to say, we did not bid.

If it's not too much trouble, could you investigate this further?

I'm very curious to find out if anyone DID make a bid!!

: Larry Van Sickle        lvs@austin.eds.com      Austin, Texas 

-- 
The Chipmunk.
Opinions are mine, void where prohibited, taxed, licensed or regulated.
Injustice anywhere is a threat to justice everywhere.
    -- Martin Luther King, Jr.
Newsgroups: misc.invest.real-estate
From: mmhp@quartz.bellcore.com (Marcus Pang)
Subject: Software for calculating "accelerated" mortgage payment
Organization: Bellcore
Date: Mon, 14 Sep 92 16:54:05 GMT
Originator: mmhp@quartz
Keywords: mortgage, software


Does anyone know of software that can calculate "accelerated" mortgage
payment?  "Accelerated" means paying an additional amount towards the principle
each month.  What I want to know is how much additional payment I have
to make in order to shorten the life of my mortgage loan by X number of years.

Any input will be appreciated.

Marcus (mmhp@quartz.bellcore.com)
Newsgroups: misc.invest
From: bukys@cs.rochester.edu (Liudvikas Bukys)
Subject: Five Years Ago (was Re: IRR for an uneven cash flows)
Organization: Computer Science Department University of Rochester
Date: Tue, 15 Sep 1992 13:12:17 GMT

In article <1992Sep15.022954.1131@cs.brown.edu> jhc@iris.brown.edu.UUCP (James H. Coombs) writes:
>In article <12550@sail.LABS.TEK.COM> atharp@sail.LABS.TEK.COM (Athar Pasha) writes:
>
>>I invest $3000 on the first of month. On the 23rd I invest another 150. 
>>On the 26th I sell all my shares. What is the IRR? Note that this is not
>>the textbook type IRR in which cashflows implicitly occur once a period either
>>at the end or the beginning.
>
>Good question!  Hope someone posts an answer.  --Jim

The following program was posted five years ago in misc.invest.
It works for me.

#ifdef notdef
From rutgers!ames!hao!noao!arizona!wendt Mon Aug  3 10:40:03 EDT 1987
Article 497 of misc.invest:
From: slansky_d@macmail1.rtsg.mot.com
Subject: Re: Any problems with U.S. Savings Bonds?
Organization: CSG Group
Distribution: usa
Date: Wed, 9 Sep 1992 13:48:16 GMT


>
>>Does anyone know any reasons to avoid U.S. Savings Bonds
>>over the next five year period?
>
>Savings Bonds are usually regarded as being very safe
>(at least as long as the government holds together) but
>unexciting in terms of return.  Personally I tend to put
>most of my mad money into stock-based mutual funds, which
>carry higher risk but also far outperform instruments
>like savings bonds.  Perhaps someone else can comment as
>to whether there are other government bonds or other
>instruments with the same risk level of savings bonds
>(i.e. very low) but with better returns ...
>
>Frank
>frank@jplpost.jpl.nasa.gov
>

Check out the last issue of Money (Sept?) magazine.  Series EE savings bonds
guarantee a 6% return if they are held for 5 yrs. or more.  The rate goes to
85% of t-bills after 5 yrs if it is higher than 6%.  They must be held 6 mo's
(at 4.19%) minimum.  This is better than most CD's of MM Funds are returning
right now.  Max investment = 15K/yr. and all interest earned is tax free from
state and local perspective.  They may be a good alternative to a 6 mo. CD
right now....and after 6 mo's you can trade them in on a CD if rates are right.

Doug
From: stein@wam.umd.edu (Steven Stein)
Newsgroups: misc.invest
Subject: What is CUSIP NUMBER?
Date: 14 Sep 92 21:03:41 GMT
Distribution: usa
Organization: University of Maryland, College Park


  What is the CUSIP number you get when you purchase a stock.  Should you
also get one when buying mutual funds.

                                  Thanks,
                                  Steve
From: aboba@world.std.com (Bernard D Aboba)
Newsgroups: misc.invest
Subject: Dow Jones On Internet!
Summary: Dow Jones is now on Internet
Keywords: Dow Jones, Internet
Date: 7 Sep 92 22:44:04 GMT
Organization: The World Public Access UNIX, Brookline, MA
X-Newsreader: Tin 1.1 PL3

Before I receive a deluge of mail on the subject, here is a few
details on the recent connection of Dow Jones News Retrieval 
Software to Internet.
 
HOW TO REACH DJNR

telnet djnr.dowjones.com
 
COSTS

Somehow people seem to assume that if a service is connected to Internet,
it somehow is, or should be, free. I am not sure where this notion comes
from, but it's certainly not true for Dow Jones, which is just about the
most expensive service there is. 
 
To access Dow Jones from Internet, you will need a regular Dow Jones
Account, and will be billed at regular rates. 
 
There are academic discounts (at least for business schools) which bring
this down to a very reasonable cost.
 
HOWEVER, you cannot get an academic account by calling Dow Jones yourself.
Your department or school must negotiate a site license agreement with
DJNR. I don't know of them doing this except for business schools.
 
Hope this provides some information that will be useful.
From: jordan@IMSI.COM (Jordan Hayes)
Newsgroups: misc.invest
Subject: Re: Expansion of Stock Exchange abbreviations
Date: 13 Sep 92 15:46:21 GMT
Organization: Investment Management Services Inc., NYC

Timothy J. Lee <timlee@btr.com> writes:

	pop@dread.mitre.org (Paul O. Perry) writes:

	|Is there an available list of abbreviations and corresponding company
	|names on the net somewhere ?

	Look in a Wall Street Journal.

... which doesn't seem to be what Paul is looking for.  The answer is
that the list changes daily as new issues come out and old ones are
delisted.  S&P only publishes their guide monthly, and the only
realistic way to do it (if you want a complete up-to-date list) is to
have a real time data feed and build your own.

/jordan
Newsgroups: misc.invest
From: karld@engin.umich.edu (Karl Diederich )
Subject: Re: saatchi
Date: Wed, 09 Sep 92 02:00:28 EDT
Organization: University of Michigan Engineering, Ann Arbor

In article <1992Sep8.192159.26781@infonode.ingr.com> barrada@infonode.ingr.com (Ahmed Barrada) writes:
>Recently Saatchi had a reverse split.  Was it 5:1?
>
It was 10:1.
  
Karl.  karld@caen.enign.umich.edu


Newsgroups: misc.invest
From: dseaman@world.std.com (David Seaman)
Subject: Mutual Fund NAVs wanted
Organization: The World Public Access UNIX, Brookline, MA
Distribution: misc.invest
Date: Thu, 10 Sep 1992 17:10:17 GMT


I'm looking for a source of historical daily net asset values for
mutual funds, preferably on disk or tape. I know NAVs are available
via CompuServe, but that doesn't quite suit my needs. Anybody know
where I can find this data?  I'm willing to pay, although I'm not
above accepting something free. I need lots of data, so using the 
newspaper would be prohibitively time-consuming, as would photocopying
pages from the Daily Stock Price Record.


Assistence gratefully received at:

dseaman@world.std.com
From: igor@charles.ucdavis.edu
Newsgroups: misc.invest
Subject: is there a faq?  want to learn computing tools for financ data
Date: 8 Sep 92 22:48:29 GMT
Distribution: na
Organization: Colloquial Inebriation Association
Originator: igor@charles.ucdavis.edu

is there a faq for, and (where) can i find archives of, this group?
i noticed the gov. indicator database available via ftp notes its
files are readable by Lotus and one other spreadsheet  which i forget
presently... are there conversion wares to make this data useable by
my Excel spreadsheet?  

Does anyone use Minitab with investing?  What's best on unix?

thanks in advance for all the helps.
ZZ
From: vanzwol@bcstec.ca.boeing.com (Ted Van Zwol)
Newsgroups: misc.invest
Subject: Re: stock market server on Internet?
Date: 8 Sep 92 19:40:13 GMT
Organization: Boeing

In article <5042@bacon.IMSI.COM> jordan@IMSI.COM (Jordan Hayes) writes:
>Danie Behr <dbehr@dos-lan.cs.up.ac.za> writes:
>
>	Can anyone tell me about sources on the Internet that provide
>	info on stock markets and/or access to relevant journals like
>	Wall Street Journal, Investors Dialy.  I am not only interested
>	in the USA.
>
>This question comes up from time to time, and I always wonder if people
>are seriously thinking they can get data for free.  On the other hand,

It seems that I recall hearing (actually using for a short period of time)
about a mail server that you could send requests to and receive end-of-day
stock quotes.  The server/service provided a great deal more information
than just this, but it was on a subscription basis.

Does anyone recall what the heck this service may be that I'm refering to?
I haven't used the service in a long time and have since lost the mail
address.  It was a simple process of just directing a single line mail
command including the stock symbol to the server.  By the next day your
mailbox had your price quote.

Thanks.

-- 
Ted C Van Zwol                           |    Genius does what it must,
uucp:      {...!}uunet!bcstec!vanzwol    |    Talent does what it can.
internet:  vanzwol@bcstec.boeing.com     |                  -Emerson
Newsgroups: misc.invest