(Elizabeth Warren is the Harvard Law Professor chosen by President Obama to launch the new Consumer Financial Protection Bureau.) Dear Ms. Warren, Congratulations on being hand-picked by …
A Tale of ANOTHER Two Borrowers (also based on a true story)
Borrower “A” owned a two-family house on Long Island. Since rates were low, he wanted to refinance. He called his bank and received a rate quote. Thinking rates were going to drop more, he decided to …
Continue Reading about A Tale of ANOTHER Two Borrowers (also based on a true story) →
Bank of America Cuts Grace Period For Mortgage Payments
If you're like most people, your mortgage is due on the first of the month. But your lender gives you until the fifteenth to make your payment before you incur a late fee. Bank of America is …
Continue Reading about Bank of America Cuts Grace Period For Mortgage Payments →
A Tale of Two Borrowers (based on a true story)
Borrower “A” owned a home on Long Island. His house was worth $2M, his mortgage balance $700K, and he had good credit. He figured refinancing his mortgage would be easy; so he called the phone number …
Continue Reading about A Tale of Two Borrowers (based on a true story) →
Debt & Equity Management. The Missing Piece of the Wealth Accumulation Puzzle
Most Americans have the goal of owning their home free and clear. The “benefits” of eliminating their mortgage as quickly as possible have been programmed into them for generations. Many prefer 15 …
Twas The Night Before Christmas – A Real Estate Parody
(Originally posted December 24, 2010.) Twas the night before Christmas and all though the land, The real estate market was in need of a hand. The Realtors had properties all listed with care, In …
Continue Reading about Twas The Night Before Christmas – A Real Estate Parody →