mortgage planning: Are You Fearing Today's Markets? - 10/10/08 11:09 AM
The "F-bomb" is all over the internet and even being played up by the media today. No, I am not talking about that one, rather the "FEAR" factor. You cannot hardly turn on the TV, radio, or even computer without getting hit by news that the DOW is down over 700 … (2 comments)
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mortgage planning: The Financial Crisis, Your Emotions, and Your Money - 10/06/08 09:34 AM
These days, all you have to do is read the paper or turn on your TV and you will think that your money, especially your investments, are rapidly becoming worthless. Even many of the so-called financial gurus, such as Suze Orman, are telling you to get out of the markets, especially … (3 comments)
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mortgage planning: It is With Great Sadness That I am Writing This - 09/17/08 08:21 AM
If you have been reading the Florida Mortgage Report for a while, you undoubtedly have read some of the posts about home equity and how easily it can be wiped out in a disaster. Every year as hurricane season approaches, I inform readers to make sure their home equity is prepared … (3 comments)
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mortgage planning: Emotions and Finances (Including Mortgages) Should Not be Mixed - 08/25/08 03:30 PM
Hopefully, you have not learned this rule the hard way. The bottom line is whenever you make any financial decisions allowing your emotions to enter into those decisions, you will lose money, and usually lots of it.
I know that all of you are likely emotional about your finances. Those … (3 comments)
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mortgage planning: E-Book on the Economy and Mortgage Rates Coming - 06/07/08 07:51 AM
I don't normally throw out advertising in this blog, but I wanted to get this news out...
In the next month or so, I am going to finish a book on how the economy affects mortgages rates. I believe every mortgage professional, and any other professional in the industry who wants … (5 comments)
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mortgage planning: Mortgage Acceleration: Is the Latest Fad Right for You? - 04/19/08 01:37 PM
Many of you know that I contribute over at Agent Genius, and that is what this particular post is about. I added a post with the above title over at AG and rather than repeating the same content, I decided to just inform you about it and supply this link. Take … (1 comments)
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mortgage planning: Mortgage Transparency Kills Mortgage Service: Will the Mortgage Industry's Commoditization Follow That of the Airlines? - 04/17/08 12:55 PM
The latest move in our industry, fueled further by its recent implosion, is that of transparency in the mortgage transaction. For starters, I am all for that, though you may not feel that way after reading this. Why? Because of what transparency encourages.
To truly understand what I am getting to, … (30 comments)
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mortgage planning: Money Merge Accounts: My Sincerest Apologies to Those With MMAs - 01/15/08 10:24 AM
I have some regret that I have to admit to about these programs. I feel like I failed consumers by allowing them to be misled for far too long. The truth of the matter is that I have done some more calculations, many of which I should have done back before … (19 comments)
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mortgage planning: Really Simple Currency Investing Creates More US Money - 11/29/07 11:17 AM
Ok, as promised, here is what would have happened with your $10,000 investment when converted back to today's USD during the same time as my previous post's housing comparison.
For a quick overview, this chart is based on you simply converting $10,000 USD to another currency and switching it back to … (6 comments)
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mortgage planning: Would You Rather Spend $6 to Save $4 or Spend $4 to Earn $6? - 11/28/07 01:57 PM
When you look at these numbers, it doesn't seem to really matter, does it? After all it is only a difference of a couple of dollars. Yet, look closer and you will see that in the first scenario you are losing $2 while in the second scenario you are gaining $2. … (5 comments)
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mortgage planning: Is Your "Lost Home Equity" Working for You? - 09/18/07 11:22 AM
I am sure you are asking yourself, "what the heck is this guy talking about?" Well, if you have been focusing on paying off your mortgage, you probably have no clue. Here is what I am talking about.
You may have missed this stat recently released...US 2Q Homeowner's Equity Falls to 13 … (0 comments)
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mortgage planning: Want to Meet Me? Here's Your Next Chance... - 09/14/07 11:48 AM
As many of you know, it is very difficult to actually meet me in person. I run a very busy schedule, both mortgages and flying, and "do not get out much". So, if you really want to meet me in person, here is your next opportunity...
I will be speaking in Tampa, … (4 comments)
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mortgage planning: Dangerous Curves Ahead? Understanding the Yield Curve - 08/02/07 08:52 AM
You probably have heard a lot about the yield curve in the past; especially when it was inverted and Greenspan could not move it despite his best efforts. But what is the yield curve and what does it mean to you, particularly investors?
To give you a little background, bonds are the … (8 comments)
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mortgage planning: Were Americans Really Saving Less Last Year? - 07/31/07 11:42 AM
You may have missed the report that came out this morning and do not realize there was a revision to last year's analysis. The Bureau of Economic Analysis (BEA), which gives out accounts of personal savings rates, made several upward revision's in the personal savings rates for 2004, 2005 and 2006.
In … (2 comments)
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mortgage planning: How to Borrow Money at 4.875% and Fairly Conservatively Earn up to 12.0% - 07/27/07 11:35 PM
Opponents of proper equity management, as well as those who push mortgage acceleration programs, argue about the ability to earn even 6% tax-free in conservative investments. I will show you how spreading your horizons and investing in CDs based on World Currencies can do that and more, with fairly little risk … (13 comments)
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mortgage planning: When Ben Stein Speaks, People, Well They Probably Should Listen - 07/14/07 09:44 AM
Chances are you know who Ben Stein is, but in case you don't..."Bueller...Bueller". That's right, he played the Economics Teacher in Ferris Bueller's Day off. He also ran a game show on Comedy Central called "Win Ben Stein's Money".
You may remember these shows, but his background goes much deeper than just … (10 comments)
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mortgage planning: The Tax Issue Nobody Seems to Talk About (Part I) - 07/12/07 04:41 PM
If you are like most Americans, you have been working hard, saving diligently, and are looking forward to the day when you can retire and begin living off your hard earned savings. You have done everything that the gurus and planners have told you to do, using the vehicles they suggested, … (1 comments)
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mortgage planning: Are You Responsible for the Subprime Mortgage Debacle? - 07/11/07 07:52 PM
Every day, the media talks about the problems in the hosuing market. Most of the talk centers around the loss of homes due to "exotic mortgages", dishonest lenders, among others. People who are marginal borrowers, those we call the subprime market, are often the subjects of the stories. They will also … (11 comments)
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mortgage planning: You Want to Own Your Own Home, But Do You Own it the Right Way? (Part 2) - 06/11/07 11:38 AM
This is a continuation of You Want to Own Your Own Home, But Do You Own it the Right Way? (Part 1). In the previous post, we compared Smart Stan and Timid Tom and how well their mortgage plans played out. We ended at the five year mark with Stan and … (1 comments)
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mortgage planning: You Want to Own Your Own Home, But Do You Own it the Right Way? (Part 1) - 06/06/07 10:39 AM
Most Americans think the same way and do not realize the old way of getting a mortgage is the wrong way to get the mortgage. They need to realize that things change and we need to change with them to take full advantage of the opportunities we can receive.
Let's take a … (3 comments)
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mortgage planning: Florida Mortgage Market Update - 06/05/07 10:02 AM
We remain in a LOCKING stance. Mortgage Bonds = -22bp.
What do the "Coriolus Effect" and Bonds have in common? Well, the Coriolus Effect describes the whirlpool action that sucks water down in a circular fashoin and bonds continue to be "sucked down" as they remain in their downward channel.
Ben Bernanke … (0 comments)
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mortgage planning: 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 … (6 comments)
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mortgage planning: 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 … (4 comments)
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mortgage planning: 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 … (3 comments)
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mortgage planning: 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 … (5 comments)
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mortgage planning: Even the Wealthy Need Financial and Real Estate Education! - 01/24/07 12:07 PM
I was reviewing an article in the Wall Street Journal and how it highlighted the fact that even the wealthy are heading back to school to learn about how to manage their money. The article highlighted several courses at various colleges and some companies that offer specialized courses. The biggest question … (2 comments)
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mortgage planning: Knowing When to Place Limits on Your Business - 01/20/07 11:13 PM
The New Year came in full force for me this year and I am faced with a dilema I am sure most of you would like to have. The problem is that I allowed myself to bite off more than I could chew. Actually all this happened last month which is … (10 comments)
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mortgage planning: Is Your Nest Egg Cracked? - 12/26/06 01:49 PM
When it comes to your retirement nest egg, are you certain that you will have enough. There are a few things that may causecracks in your nest egg that you may not have planned for. Things like rising health care costs, your planned life expectancy and social security (or lack thereof). … (2 comments)
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mortgage planning: Need Long Term Care? Mortgage Planning May Help - 12/20/06 03:16 PM
About a month ago, an issue of Investment News contained an article discussing the importance of long term care options for clients. According to a study by the American Society on Aging, more than 70% of all Americans reaching age 65 will need long-term care at some point in their lives.
Common … (5 comments)
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mortgage planning: Be Prepared for Tax Season - 12/18/06 09:58 AM
The Kiplinger Tax Letter for Dec. 15 is, as always, chock full of tax information that everyone needs to know. With the year coming to a close, and tax returns arriving in about two weeks or so, it is time to start preparations for the upcoming income tax filings. Even if … (2 comments)
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mortgage planning: Have You Done Your Annual Mortgage Checkup Yet? - 12/16/06 02:35 PM
Most people do not know that their mortgage, being a huge part of your financial plan, needs to have an annual checkup to ensure it still fits. Just like you need to have an annual physical done to ensure the health of your body, you need to seek a true mortgage … (4 comments)
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mortgage planning: How to Get a Tax Deduction on Your Roth IRA - 12/15/06 11:21 PM
OK, many of you have heard my response when people start talking about out of the box thinking. In case you don't remember, my response was that I like to think out of the box, but sometimes I like to blow the box up. This is an example of me blowing … (17 comments)
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mortgage planning: Turbulence - How to avoid it - 12/13/06 09:51 PM
I was just reading and commenting on Karl Christen's post Good offense is always a better defense. As I was formulating my comment, it dawned on me to make this post about what I have learned to avoid turbulence while flying and how it applies to the turbulence he mentions regarding … (4 comments)
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mortgage planning: Don't Read This! (Unless You like Money) - 12/06/06 08:51 PM
Many people keep hanging on to the old beliefs about money. The truth is that they don't know how easy it is to make it. I don't mean those "get rich quick" schemes, but making money slowly and safely over time doing what the banks do.
That's right, the banks do the … (15 comments)
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mortgage planning: Millions Now Love Their Mortgage Even Though It Requires Monthly Payments - 11/16/06 09:36 PM
If you had enough money right now to pay off your mortgage, would you? Most Americans would, since that has always been the American Dream. The reality is that following the "old" dream can be detrimental to your financial health. In fact, millions now love their mortgage because it is working … (12 comments)
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mortgage planning: Student Rentals - Worth a Closer Look! - 11/06/06 11:26 AM
In the September issue of Financial Planning Magazine, one article was focused on parents purchasing rental properties instead of having their children pay room and board while attending college. Looking at the costs, we found room and board can be as much as $16,000 or more, depending on the circumstances and … (19 comments)
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mortgage planning: Telenovela Mortgage Advice - Facts - 10/30/06 08:01 AM
As promised, I watched the show (most of it anyways.) OK, a few things I will point out about my bias, then we will deal with the facts, then my conclusion (opinionated review).
My bias is that I do not like soap operas in general, and dislike telenovelas even more as … (16 comments)
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mortgage planning: Fed Releases New Study on Paying Off Your Mortgage - 10/04/06 09:54 PM
The fed is finally starting to realize what we have been teaching for years, that properly integrating your mortgage into your financial plan is a powerful way to supercharge yourself to financial freedom. They conducted a study to determine whether it is better to payoff your mortgage or instead invest your … (7 comments)
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