Terms Of Service
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Terms Of Service
Martin Luther King, Jr.
Ralph Waldo Emerson
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Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
You can refi your car loan just like you can refi your mortgage. It's even easier and less expensive. There's no appraisal process, and fees are minimal for a new car title. A couple of caveats: Most lenders require that the car be less than five years old and have a minimum loan balance of $7,500.
Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.
However my parents - both of whom came from impoverished backgrounds and neither of whom had been to college, took the view that my overactive imagination was an amusing quirk that would never pay a mortgage or secure a pension.
J. K. Rowling
If you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.
Upon the farm of the uncle with whom I lived, we did know of the mortgage as some dreadful damper on youthful hopes of things that could not be bought. I do have a vivid recollection that the major purpose of a farm was to produce a living right on the spot for the family.
In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P and Moody's. They had names like Park Place and People's Choice. It was clear to me that many of the buyers of these repackaged subprime mortgages were doing little analysis.
Mint's business model became, 'We'll go for free, and then we'll find these savings opportunities for you.' You know, better interest rate on your credit cards, when should you consolidate your student loans, when does it mathematically make sense to refinance your mortgage, and Mint figures all that stuff out for you.
Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away.
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
I own a mortgage company and a real estate company funded by the music. Florida is a kinda gold mine.
The future that I will not live to see is the one my children will live in. That's my immortality. And I shouldn't try to mortgage theirs for my benefit.
Salary negotiations shouldn't be limited to just salary. Salary pays your mortgage, but terms build your career.
You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.
Most people are motivated by the economy. And if you've lost your job, lost your mortgage, lost your 401(k), you're angry. And if your brother-in-law has lost one of those you're angry still. And when you're angry you take it out on people who are in office. Which is natural.
Once you get the kids raised and the mortgage paid off and accomplish what you wanted to do in life, there's a great feeling of: 'Hey, I'm free as a bird.'
Dick Van Dyke
Deception can cost billions. Think Enron, Madoff, the mortgage crisis. Or in the case of double agents and traitors, like Robert Hanssen or Aldrich Ames, lies can betray our country. They can compromise our security. They can undermine democracy. They can cause the deaths of those that defend us.
Our children lost our direction because they have been compromised. They have found freedom at the ballot box, and then they have taken on plastic chains around their minds and souls and mortgage their future on credit cards. They have to learn better - they have to learn the value of ideas and health as opposed to wealth.
Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.
Ignore the annual percentage rate when shopping for a mortgage.
You can look at what I did in the Senate. I did introduce legislation to rein in compensation. I looked at ways that the shareholders would have more control over what was going on in that arena. And specifically said to Wall Street, that what they were doing in the mortgage market was bringing our country down.
You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.
When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a number of firms were not dotting the i's and crossing the t's when it comes to risk management.
Kenneth C. Griffin
You can play Mozart all you want and pretend that it gives you class, but what is class, you know? Class is a bus driver on the M103 who gets off the bus to help somebody on board even though he's tired, he's exhausted, and he's two months behind on his mortgage. That's real class.
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