Oct 24th 2008 About Bob
Robert X. Cringely is a Silicon Valley institution — a gossip columnist-turned-pundit with an opinion on everything. But now he’s in a pickle with his big old mortgage on his big old house in Charleston, SC. So what’s can he do? Study and find an optimal solution, of course. Join Bob for a random tour of the mortgage industry post-meltdown, as he tries to find the perfect mortgage.
Bob has a 5/1 Jumbo ARM that resets in eight months. Will the new mortgage rate kill him? Will the banks even be OFFERING Jumbo mortgages then? They don’t seem to be offering them now. Should Bob refinance? CAN Bob refinance? Oh-no!!!!!!
This is one man’s quest for mortgage sanity and definitely NOT a commercial site.
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