The Top Ten Reasons Interest Only Mortgages Make Sense
1. If you look at your monthly mortgage statement you will see that the principle balance on your mortgage probably only dropped a couple dollars while the majority of your payment was interest. As an example on a $150k loan at 6% your monthly payment is about $900. $750 goes to interest and $150 goes [...]
The Top 10 Reasons You Should Never Get A Mortgage With A Mortgage Broker
1. First off mortgage brokers are not bad people. They are just trying to earn a living and have found a way to make a lot of money with very little personal risk. Mortgage brokers get a bad rap sometimes because of a few people that have misled clients. This happens in all industries but [...]
The Top 10 Reasons I Want The Federal Reserve To Raise The Prime Rate to 10 Percent
1. Low interest rates benefit people who have lots of debt. I don’t like debt and don’t carry it.
2. The things that are affected the most are car loans, credit cards, and home equity lines of credit. If you have good credit you are going to get good rates as it is. Even if you [...]