If you haven’t heard about the thirty year fixed rate mortgage, welcome to planet earth and I hope we can be friends. The thirty year fixed rate loan seems to be the holy grail of all mortgages. It’s what everyone wants, and what they’re calling about when they call me to talk about refinancing a …
Continue reading “Saving Money by Being Realistic About Your Mortgage”
The scope of the problems that exist in the United States Mortgage market are huge. Enormously, mind-bogglingly, “How Big Is Space?” type huge. Yet, the problems are almost entirely on a retail level, when one provider works with one consumer. The system works, and it works extremely well. Consider: Most consumers in Europe or any …
I have never liked or favored the estate tax, and yet I was very much of two minds about actually abolishing it. It actually did die for a year, before the legislation sunsetted and things reverted to the previous status quo, although it’s to be admitted the exemption amounts are now significantly larger. Estate tax …
Scott Kirwin of Dean’s World directs us to Harry Stein column in City Journal, and then amplifies on one aspect, saying that he, too has a mixed marriage, and that it works very well and helps make him and his wife better people. He quotes Gerald Ford, “We can disagree without being disagreeable.” First off, …
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“Housing Bubbles” were invented by stock brokers, and real estate remains, and will almost assuredly remain, your absolute best investment.” (me again) Actually, California pricing has reliably gone through cycles within my lifetime. We have hit the peak of the fifth one I remember (1991 was the last peak, which makes this the longest period …
I’ve been taking a long look at the world of For Sale By Owner and similar concepts lately. With the digital revolution, you always want to be watching the tide to figure out if you’re in a business that’s about to go the way of milk delivery and diaper service – a few left, but …
There are a fair number of specific helpful suggestions to make in helping you purchase a home. All of them revolve around the loan. Let’s face it, the loan is far and away the most hypothetical and uncertain part about most real estate transactions. If there is a non-loan related problem, chances are that you …
Continue reading “What can I do to Qualify for a House or Mortage?”
This really ticks me off. It happens that I agree with them that space is the better long term investment. I think a permanent presence in orbit and in the Asteroid Belt is likely to be one of the best things we can do for ourselves technologically and industrially (Kuiper Belt/Oort Cloud can come later). …
Continue reading “Two Things That Have Nothing To Do With Each Other”
It may not come as a shock to you, but loan officers, along with many other salesfolk, speak a different language than the rest of the population. What will probably annoy you, however, is the number of times they’ll say something that sounds like a phrase out of English, but really is from Salesgoodspeakian, a …
It shouldn’t surprise anyone that there are things you should do before you make your first investment. The SEC, NASD and all of the various other financial planning organizations all explicitly list three things that should be in place in most cases prior to making your first investment in anything. The first of these is …
