My article on Option ARM and Pick a Pay – Negative Amortization Loans is one of my most popular. It’s number one for multiple search engines and several ways of running the search. If I don’t get at least 20 hits a day on it, it must be a sign that the public has caught …
Continue reading “Negative Amortization Loans – More Unfortunate Details”
One reason to check your referral logs every day: Sometimes you can find great material for an article. I got one about the three day right of rescission. This is a feature (or bug, depending upon your situation) with every refinance on a home that is a primary residence. The reason it exists is that …
The question of where anyone’s priorities are begs the question of “Where do your loyalties lie?” I am loyal first to the long term good of humanity. I want as many people as possible to live the best lives possible. I realize that this makes me sound like some sort of socialist or communist. Nothing …
As of July 1, 2005, mortgage providers have to have explicit written authorization to run credit. I am not certain of the political forces that made this bill, and it is still not clear to me whether this extends to non-mortgage credit providers. If it does, this is probably one of the niftiest consumer protection …
I was approached by these folks a few weeks ago via email. I attempted to get them to write up the experience themselves (and I would still like you to if you’re reading this), but I wanted to write something about this before I completely forgot about it. This whole exchange is indicative of games …
It seems I can’t hardly turn around in the investment world without a paean to Jack Bogle, who preaches the advantage of the index fund. Mr. Bogle’s reasoning goes something like this: Looking at the world of mutual funds, relatively few funds beat the S&P 500 Index, so why not just buy the whole S&P …
Been reading some of your informative tips. I am looking at refinancing and getting a $378000 mortgage. Now in the case of having a 3 yr prepay penalty, vs paying 1.5% in points to make it a 1 yr prepay, am i right in assuming it’s wiser for me to pay the points than accept …
