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Here Are Some Interesting Numbers - If You Want to Know Some More About Me - 05/31/07 04:23 PM
As many of you know, I love playing with numbers, especially when it shows how much wealth a family can generate by using their mortgage as an integral part of their financial and investment plans. Well, I decided to do a new twist on the numbers to share a little more about the flying side of myself, basically a new spin on what my flying experience has been.
So, for those of you who would like to know a little about my personal aviation experience, instead of displaying the amount of flight time I have in hours, I will tell you in … (5 comments)
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Do You Know What Day Tomorrow Is? - 05/31/07 02:52 PM
Normally I post articles about the start of hurricane season on June 1st, but this year I needed to post this information today since I will be rather busy with my head in the clouds (literally) tomorrow.
Yes, tomorrow is June 1st, the official start of the hurricane season and time for everyone to get prepared. But, there always seems to be one important item that does not appear on the hurricane preparedness checklists that could cost you dearly. That item is your home's equity.
That's right, take a lesson from the hurricane Katrina victims that unfortunately demonstrated how much money you could … (6 comments)
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Florida Mortgage Market Update - 05/17/07 10:39 AM
We remain in a LOCKING stance. Mortgage Bonds = -16bp
Mortgage bonds traded flat yesterday in the absence of any major economic news. Today shows a different picture.
As we informed you that the 200-day MA failed to maintain support and keep bond pricing above this critical level, price erosion was likely to occur and we are seeing just that.
Initial Jobless Claims came out today lower than expectations, which shows a tightening labor market. While you may think that is good news, it is actually bad news for bonds as the fear of increased wage-based inflationary pressures do not bode well for the … (4 comments)
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Sheridan House Ministries- A Place that Helps Children and Families - 05/16/07 11:34 AM
Blogging offers unique opportunites to serve your community and this post will honor that capability. For those of you who know me, you know that helping others is something I like to do and Sheridan House Family Ministries is one organization that I respect dearly.
As a company, Solid Rock Mortgage Corporation has decided to donate a portion of its gross revenues to local charities. (Click here for the post that announced our intentions) Sheridan House Family Ministries is one of the charities we chose to give money to because of what they do for our community.
Dr. Robert G. Barnes, is President of … (4 comments)
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Money Merge Accounts Vs Equity Harvesting: Harvesting Wins by Over $1.5M - 05/16/07 10:14 AM
This is actually another look at the whole Money Merge Account, Mortgage Acceleration post I did a while ago that spawned a lot of debate. Click the link below to see that post if you have not already read it.
Money Merge Accounts: Are They Really the Best Thing for You?
Now for the real "blow your mind away" data that really proves that Money Merge Accounts (MMAs) and other mortgage acceleration products are going to cost you in the long run. The truth is that Equity Harvesting can generate tremendous wealth for those families that are able to follow the plan. … (43 comments)
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More Tales of the Criminally Stupid - 05/15/07 05:50 PM
Hopefully these will lighten up your day. Certainly your day couldn't be as bad as theirs...
Troutdale, Oregon comes the story of a couple of knuckleheads who were in the processof planning to meet, and rob a convience store. They had contacted each other on their nifty little walkie talkies and agreed to meet. Well, those little walkie talkies were actually police two way radios that our knuckleheads had previously stolen. And since they were still using the police frequency, their get together plans were overheard by police officers who were waiting at the store when they arrived. They were busted!
St. Paul, … (8 comments)
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With Foreclosures on the Rise, Is Your Home Really Safe? - 05/15/07 10:20 AM
Well, if you are paying your monthly mortgage payments, your home is safe, for now. Unfortunately, many home buyers have the misconception that paying down their mortgage quickly is the best method of reducing risk of foreclosure on their homes. That's right, even the Money Merge Accounts (MMAs) and other Mortgage Acceleration programs fall into this category.
You see, many people who scrape up every bit of extra money they can to apply against principal often find themselves with no liquidity. Having an ALOC, HELOC or other mortgage product can help, but they can also be expensive.
When tough times come, and they … (11 comments)
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Is Paying Off Your Mortgage Actually Costing You? - 05/14/07 09:00 AM
Many Americans still believe that paying off your mortgage is the best thing you can do. After all, it is a guaranteed savings, right? Well, let's take a look at it further.
Right now, there is a new craze in the mortgage industry, one that is being marketed heavily and is being presented as the best solution for you to pay off your mortgage in as little as 7 years. But is this the best thing for you, or could it actually be costing you more money?
Those that offer these programs have different names for them, Money Merge Accounts, Mortgage Accelerator, Homeownership … (7 comments)
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How Powerful is Your Blogging? - 05/13/07 09:37 PM
While I was on my last trip, I received an interesting email from Matt Heaton. He wanted to inform me of a fact I hadn't already realized, and that was related to one of my posts.
You see, Matt tracks the traffic coming into our AR community and is constantly looking at ways to improve AR. While he was doing his research, he came across an interesting fact. A lot of the traffic that was being referred into AR from the Search Engines was for the keyphrase "Money Merge Account". Apparently, my post on this subject, Money Merge Accounts: Are They Really … (10 comments)
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Welcome to Sunny Florida... - 05/09/07 08:49 PM
Florida has been called the Sunshine State and for very good reason. We have a lot of days filled with sunshine, but we also have a lot of days filled with rain. In case you don't know where we are, we are the state covered by the swirling clouds.
On top of being the sunny state and rainy state, if memory serves me correctly, we lead the nation in tornadoes on a per state basis as well, not to mention hurricanes. We also get our share of wildfires, especially when we have droughts like the current one. We don't get many earthquakes, … (9 comments)
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Are You Trying to Pay Off Your Mortgage Faster? If so, Read This...(Part 2) - 05/09/07 12:17 PM
(If you did not read Part 1, please go back and read it as that is the basis for this post.)
In the last post, we left John without a job the couple was forced to sell their home at a loss to avoid foreclosure. We also mentioned how they regretted their decision.
So, with continued analysis, let's first look at how they could have done better even with a 15-year mortgage and we will assume the couple has no financial difficulties. John and Jane made a decent amount of money and found themselves in the 31% tax bracket and stated they planned … (4 comments)
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Are You Trying to Pay Off Your Mortgage Faster? If so, Read This...(Part 1) - 05/09/07 09:30 AM
Most Americans dream of owning their own home, and owning their home free and clear of a mortgage. While that may be a noble goal, they go about it the wrong way. To assist in emphasizing this fact, we will take a look at a couple who are trying to decide which loan is better for them. Here is their scenario...
John and Jane are in their early thirties and expect to be working for another 30 to 35 years before retiring. Traditionally, most couples in their position would have gone for the 30-year conventional home mortgage. John and Jane, however, have … (5 comments)
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Watch Out for Falling... - 05/08/07 01:28 AM
I was doing some research today and looking into the future of the mortgage market. It never seems to fail that technical indicators portray a good glimpse of the future, and with that in mind, I am off to predict the future of interest rates.
Many of you may know that I run another blog off my main mortgage site that posts updates on the mortgage market and provides locking guidance for those that choose to float. I get this information from several different resources as I do not like any one opinion, another thing many of you may already know about … (29 comments)
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Where in the World is This Guy? - 05/07/07 02:13 PM
That's right, I was off on another trip this weekend, spending a day in Mexico City. So, here is another set of pictures I decided to post for your amusement and to test your geographical knowledge. As usual, I will start of with a shot of one of the approaches we did during the trip, this one was Kingston, Jamaica...
As is normal in Mexico City, it was very hazy and not conducive to taking photos. I did take several interesting shots though, so I decided to post one here anyways, although this is not one for you to guess on either. … (7 comments)
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Where in the World is This Guy? - 05/04/07 09:05 PM
Here is the next in the series. These are some of the pictures I took during the last three days and here was my sequence so you can try to figure out some of the pictures...
Wednesday...Miami - Caracas, VenezuelaCaracas - MiamiMiami - Grand Cayman
Thursday...Blogged on the beach (look at my last post)Grand Cayman - MiamiMiami - Medellin, Columbia
Friday...Medellin - Miami
Hopefully you know where these cities are. If not, it will be a good geography lesson for you. As I did last time, I will start with one of the approaches we did. This is the approach into Grand Cayman...
This island is … (4 comments)
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Unique Opportunites Abound - You Just Need to Open Your Eyes - 05/03/07 09:02 AM
Well, most of you know that I returned to flying and I decided to continue my mortgage business. What you may not know is the opportunities it presents to grow my business. Hopefully, you will be able to see some opportunities to grow your business after reading this post.
Building relationships are a key to everyone's success. You need to network and then partner with those who you can build that relationship with. But have you ever thought aout the opportunities you have all around you when you are on vacation or other travel?
This may make you sick, or envious, but don't … (1 comments)
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Robert D. Ashby
Miramar,
FL
More about me…
Robert Ashby Photography
Address: 11758 SW 26th CT, Miramar, FL, 33025
Office Phone: (954) 674-6864
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