One proposal for a debt-forgiveness program was floated this month by the Milken Institute in Santa Monica. The plan, authored by institute President Michael Klowden and regional-economics director Ross DeVol, would refinance existing mortgages of underwater homeowners with new loans from the governme...
I don't know where people got it in their heads that owning a home is their birth right, but it's not. The people who keep paying their mortgages through hell or high water are the ones who understand their privilege. They saved up,ran the numbers, and committed to a long term a...
Mortgages are more sensitive to shifting interest rates. There are varioustypes of mortgages, but based on interest rates, they fall under one of two categories — fixed-rate or adjustable-rate. Prospective homebuyers typically prefer conventional, fixed-rate mortgages because you cancalculate your mo...
Reverse Mortgages: A mortgage is an option for older homeowners who are cash-strapped needadditional income. This type of loan allows them to access the equity in their home without selling it. Balloon Mortgage: A balloon mortgage is a short-term loan that features low interest payments for th...
Beta helps us to understand the concepts of passive andactive risk. The graph below shows atime seriesof returns (each data point labeled “+”) for a particular portfolio R(p) vs. the market return R(m). The returns are cash-adjusted, so the point at which the x and y axes intersec...
Beta helps us to understand the concepts of passive andactive risk. The graph below shows atime seriesof returns (each data point labeled “+”) for a particular portfolio R(p) vs. the market return R(m). The returns are cash-adjusted, so the point at which the x and y axes intersec...
The rich are the ones getting a free ride. Tony Sep 30, 2021 at 5:54 pm Ah, but you forgot about the option of taking out reverse mortgages! We can now extract cash from our inflated homes to support our lifestyle and stay in them until we die. Of course, the bank then o...
Although valuing your time is pretty much a given statement, but ask yourself, do you value time? Do you take time to spend moments with your family? Or are you running the marathon in the rat race that never seems to end? What we do is help you focus on both. You can have the ...
Arguably, the 2008 “Great Recession” directly resulted from people’s lack of understanding of percentages and how they apply to mortgages. Scienceshould be taught as a process of inquiry and shown how it can be used ineverydaydecisions.Historyshould be taught from the present backward: showing...
Many more people could ride out the storm-tossed waves in their economic lives if they had their year’s supply of food and clothing and were debt-free. Today we find that many have followed this counsel in reverse: they have at least a year’s supply of debt and are food-free. ...