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108 Year 7 month Amortization… Totally Cool Says The Fed!

108 Year 7 month Amortization… Totally Cool Says The Fed!

July 2015 I wrote 136 words on this topic, hoping that the image alone would get some traction. It was a pretty insane image to a numbers geek like me – linked here.   Perhaps this 381 words worth will garner more attention.   This months Visa images...
How have you structured your own mortgage and why?

How have you structured your own mortgage and why?

Ask your Broker or your banker the following Question; How have you structured your own mortgage and why? Aside from discovering that an overwhelming number of mortgage professionals have their own residence set up in either short term fixed (1yr or 2yr) or a variable...
No Bubble To See Here – Part 5 – When Rates Rise

No Bubble To See Here – Part 5 – When Rates Rise

But when rates go back up…   It is not when, it is if. I wrote that correctly. If they go up, as in if they go up in time to matter to me or to you, Mr. & Mrs. Homeowner. Maybe they stay low for another ten or fifteen years, and by then my mortgage will be so...
No Bubble To See Here – Part 4 – The Amortization Effect

No Bubble To See Here – Part 4 – The Amortization Effect

The Amortization Effect   Each year from 2008 through 2010 the Federal Government reduced the maximum amortization as follows.   Purchases with less than 20% down –from 40–35 years, then 35- 30 and finally 30–25 years where it remains today.   Purchases...