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mortgage planner: Money Merge Accounts: Are They Really Worth It (Another Case) - 07/19/07 04:14 PM
A UFF agent placed the following scenario of a client he was putting into a Money Merge Account on one of my blog posts...
The client had just closed on a $244,000 mortgage at 6.875% Fixed for 30 years, which creates a $1,602.91 monthly payment since it is fully amortizing. I wish I had talked with this client before he closed as I could have saved him thousands. The client makes $4,616 per month, of which $1,000 is said to be discretionary.
The UFF agent goes on to provide a fairly accurate representation of what the client could do on his own versus … (17 comments)
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mortgage planner: How to Earn Money by Borrowing at 6.0% and Investing at 4.0% - 04/25/07 02:23 PM
This article is about the benefits of proper mortgage planning and how they can lead you down a path to true financial freedom faster than you thought possible, even faster than an MMA can get you there. The goal is to show you how you may be able to use your mortgage to accelerate your financial and investment plans and grow your wealth more over time.
For starters, and to make calculations simple, we will say you take out a $100,000 mortgage at 6.5% (30 year fixed, fully amortizing) and invest the money in an investment vehicle earning 4%. This scenario is … (21 comments)
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mortgage planner: Finding Solutions is What It's All About - 04/24/07 10:43 AM
As I went back to flying, I started thinking of whether or not I should continue doing mortgages or focus solely on flying. I came to the intitial conclusion that maybe I should just close up the origination side of the business and simply offer to speaking and educational events only as my time is very limited.
Then I reminded myself of why I got into the mortgage business to begin with. It isn't about making money, I can do that many different ways. It isn't even that I like doing mortgages and in all honesty, I don't like originating loans much. … (6 comments)
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mortgage planner: Lower Interest Rates Ahead? - 04/24/07 09:23 AM
At 10am EDT this morning, two normally moderate impact reports were released that is currently moving the markets.
Both Existing Home Sales and Consumer Confidence were released this morning and both missed expectations. What does that mean?
Continued weakness in the housing market is apparent based on the Exisitng Home Sales numbers, but further insight will be provided with tomorrow's New Home Sales numbers.
Consumer Confidence is also dropping, indicating that Americans are lowering their expectations of the economy and the future. It is directly correlated to the strength of consumer spending. Lower confidence numbers generally decrease inflationary fears and ultimately drive prices higher … (5 comments)
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mortgage planner: Are Exotic Mortgages Really to Blame for Rampant Foreclosures? - 04/16/07 08:30 AM
The media in particular, aided by many so-called "experts" have been laying a lot of the blame on exotic mortgage products such as Option ARMs, Interest-Only mortgages, and even regular ARMs. I have even heard them blame the Feds for raising rates too fast.
Why do they blame the mortgage products? Are they really at fault? Come on people, let's get a grip on reality. The products themselves are not to blame!!!
So who is to blame? That is the real question and it depends on each particular foreclosure. Looking at many foreclosures, there are numerous reasons why the homeowner got there, none … (11 comments)
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mortgage planner: Telenovelas Kill the Mortgage Market - 04/15/07 01:27 PM
Ok, I have been away for a while, so it is time to get caught up on my blogging. What a better way to start off than to revisit a post I did in January and a comment I stated 1/09/2007 forecasting the demise of the mortgage markets based on Telenovelas about mortgages hitting the airwaves.
If you missed my post on interesting ways to forecast the demise of a market, click here to read my original post. The article was about how when Hollywood produces a movie or TV show about a particular market, that market has major problems shortly thereafter.
That … (5 comments)
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mortgage planner: Which is the Safer Investment - Home Equity or Burying Your Money in the Backyard? - 01/28/07 07:07 PM
Your first reaction to this title is what the heck is he comparing these two for, it is clearly home equity, right? Well, let's take a closer look at these two "investments". In order to do this, we have to understand the three areas that determine a good investment...liquidity, safety, and rate of return.
Let's start off with the rate of return. Obviously, if you bury your money in a tin can in the backyard, you will not have a positive rate of return on the money. In fact, you will lose money due to inflation. Home equity is the same way, … (9 comments)
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mortgage planner: How Much Money Would You Deposit in this Investment? - 10/31/06 09:48 PM
Many Americans have been maximizing their contributions to this investment and don't even know it. Additionally, the ones that realize they are doing it, don't realize the truth!
So, I ask you, how much money would you put into this investment?
The customer determines the amount and length of time for monthly contributionsThe customer can pay more than the minimum monthly contributions, but never less.If the customer pays less, the financial institution keeps all previous contributions.The money depostied in the account is not safe from loss of principal.Each contribution to the account results in less safety.The money in the account is not liquid.The … (4 comments)
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mortgage planner: Mortgage Advice from Telenovelas? - 10/23/06 09:25 AM
Yes, your read it correctly. People can now learn about mortgages and take advice from telenovelas. What next? Days of Our lives teaching us how about mortgages as well?
OK, some of you may not know what telenovelas are, so let me explain. Simply put, they are the Spanish version of Soap Operas. What shocked me was that this story was on the front page of the money section in the Miami Herald Sunday. Frankly, I am not sure what to make of it.
Are we such a TV dependent society that we need to educate ourselves via Soap Operas? Is "edutainment", … (18 comments)
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mortgage planner: Do Airline Pilots Make Better Mortgage Planners? - 10/12/06 09:01 AM
Being an airline pilot myself (furloughed), I wanted to provide insight in how we do things on a daily basis flying planes, especially across the oceans.
Few undertakings require the level of preparation necessary to ensure a safe flight. Although we tend to take many things for granted, each time we take an airplane filled with passengers from point "A" to point "B", we must first conduct an in-depth analysis of a dizzying number of factors from weather to maintenance to fuel loads. Each airline pilot is aware that a failure to prepare properly for a trip creates an unacceptable level of … (0 comments)
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mortgage planner: Who Am I? - 10/09/06 09:32 PM
Some of you may have heard this before, but I liked it so much and believe we all can gain from keeping this in the forefront of our minds.
I am your constant companion. I am your greatest helper or heaviest burden. I will push you onward or drag you down to failure.I am completely at your commandHalf of the things you do you might just as well turn over to me and I will be able to do them quickly and correctly.I am easily managed - you must merely be firm with me.Show me exactly how you want something done and … (9 comments)
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mortgage planner: How Big is Your Web Presence? - 10/03/06 07:58 AM
I got to thinking about how big of an impact I am having on the web. Then it came to me...one of the best ways to see your web presence is to "Google" your name in quotes. I did this and here is the result:
"Robert D. Ashby" returned over 2oo references, so I know I am "getting around" on the web. Now, not all of these are me obviously as there is likely to be someone else with a similar name, possibly even the exact same name. But when I reviewed the listings, over 90% easily were related to me in … (3 comments)
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mortgage planner: Florida Mortgage Company Dedicates Portion of Earnings to Clients’ Choice of Charities - 09/27/06 07:56 AM
Solid Rock Mortgage is leading the way in community involvement by giving 10% of its gross compensation to worthy charities and churches. They have gone one step further and allowed their clients to decide which charity receives the portion from their loan.
“I don’t know how many mortgage companies are giving back to their communities, but I do hope more companies will follow what we started”, says Mr. Robert D. Ashby, the company’s President. He goes on to state that since Solid Rock Mortgage is based on Christian values, he prefers to give the money to the clients’ church or … (0 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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