Mortgage

Do You Agree With Bank of America’s CEO, Brian Moynihan?

December 18, 2012

Brian Moynihan made some comments in Washington D.C. that I hope continue to echo around the congressional city. If you don’t have time to read the full article, allow me to summarize: Quote 1: “…the Federal Government shouldn’t push homeownership as a universal goal…” Quote 2: “…of the bank’s 270,000 employees, about 50,000 are working [...]

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How Are You Affected by the Mortgage Interest Tax Deduction?

December 3, 2012

This is a heavy subject that deserves a lot of discussion. I, unfortunately, have the attention span of a 3rd grader surrounded by Legos so an abbreviated analysis will have to do. The History Interest deductions, in general, began in 1913. At this time, the majority of Americans paid upfront for their homes rather than [...]

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How Not To Buy A House

May 20, 2012

If you’re unaware, Miss Blinkin and I have been looking to buy a house. When I was organizing my life, I made an assumption that purchasing a home isn’t too time-consuming. I was wrong. We have spent the last 2 days moping around after we lost a bidding war. Allow me to give you the [...]

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Should I Buy A House?

May 3, 2012

I rarely divulge details from my personal life, but today I’m looking for some feedback. Let me give you the full story: I have been dating Miss Blinkin for approximately 1 year and 4 months. Without giving too much information, I foresee an engagement in the coming months. I have always been against couples that [...]

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Why Do Banks Sell Mortgages?

April 20, 2012

Sometimes I use my blog as a medium to rant about the funny things people do with their money; but other times I tackle common questions that I receive from readers or overhear when I’m wondering the golf course streets. One common question/comment I’ve gotten recently has been around mortgages. “Why did my bank sell [...]

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How To Pay Off Your Mortgage Quicker

April 3, 2012

I just told you that I Don’t Want To Be Debt Free and now I’m going to tell you how to pay off your mortgage quicker, how does that make sense? I do so because personal finance is personal. I would never give the same advice to everybody. Not everyone should invest their money when [...]

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Should Homeownership Still Be The American Dream?

March 23, 2012

This was initially a guest post I wrote for Sam at Financial Samurai. Let me know what you think. There have been numerous studies performed over the years which clearly outline the social benefits of homeownership. In the mid-2000’s it was nearly impossible to argue against the advantages of owning a home. Research showed that [...]

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The 5 C’s of Credit

November 14, 2011
Thumbnail image for The 5 C’s of Credit

Think back to your first job interview. Did you research the company before? Did you think of answers to questions that might be asked? If you’re the least bit successful, you are probably answering yes to these prior questions. Odds are – you went in highly prepared. Now think of the first time you wanted [...]

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PMI & PMS

November 1, 2011

It’s that time of the month. Your stomach is in knots. You’re in a horrible mood. Your underwear looks like a crime-scene. Leona Lewis can’t even describe the bleeding that’s going on. Grossed out yet? Well you shouldn’t be. It’s not what you think. I’m simply describing a 25-year-old male getting ready to make his [...]

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What is the Difference Between Interest Rate and APR?

September 12, 2011

I told you in my last post, I was going to do it. Did you not believe me? Important Disclosure: Skip to the bottom if you’re in a hurry. Picture this: Every conversation with your friends includes one of them telling you how low their mortgage rate is. You research mortgage refinancing rules-of-thumb and decide [...]

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