It seems like only yesterday, mortgage brokers were encouraging their clients to use the equity in their homes to pay off the high balances on their credit cards.
In all truth, that’s not a bad idea. First off, mortgage interest is deductible off of your federal income taxes, while credit card interest is not. Credit cards [...]
Archive for April, 2007
Is A Debt Reversal Coming?
Posted in ARM, Option-ARM's, adjustable rate mortgages, finances, mortgage on April 30, 2007 | Leave a Comment »
A LOST Financial Truth
Posted in christian, church, finances, generosity, god wants you to be rich, rich, scarcity mentality on April 25, 2007 | Leave a Comment »
In last week’s episode of LOST on ABC, the requisite flashback story was in the life of stranded Desmond. We learned early on that Desmond was a novice, studying to become a monk. At one point, after a very troubling week, the abbot discovers Desmond imbibing in the wine that the monks press to pay [...]
George Boelke Fights Crime
Posted in ARM, Countrywide, Option-ARM's, adjustable rate mortgages, families, finances, mortgage, robbery on April 23, 2007 | Leave a Comment »
I want to point our readers to an excellent article by a true debt crusader in Canada. George Boelke wrote a book called It’s Your Money: Tools, Tips & Tricks to Borrow Smarter and Pay It Off Quicker and the Spanish language version, Quedese con Su Dinero, a couple of years ago now, and despite losing a [...]
Wachovia Looking Forward to Screwing Customers, Shareholders
Posted in ARM, Option-ARM's, adjustable rate mortgages, finances, mortgage, robbery, wachovia on April 12, 2007 | 1 Comment »
Okay, so maybe the headlines didn’t say that, but they probably should have. With the purchase of Golden West Financial Corp., the lender has gone from dabbling in option-ARM’s (better known to the general public as “Pick-A-Payment” mortgages) after the acquisition of World Savings Bank to jumping to the #2 position in the country (Countrywide [...]
