Quotes About Mortgage

First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.

Ignore the annual percentage rate when shopping for a mortgage.

They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.

Refinancing your mortgage usually makes sense if you can lower your interest rate by at least two points. But the most important question to ask yourself is, how long will it take you to break even?

Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.

And so the danger for the housing industry is if we see interest rates rise.

Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.

In June 2005, mortgage rates were at 40-year lows, and risk premiums on mortgage securities were at all-time lows. Once the banks migrated to the subprime area, there was little else that could be done to send housing prices higher.

What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.

I own a mortgage company and a real estate company funded by the music. Florida is a kinda gold mine.

After I dropped out of college at the age of 19, I became a mortgage broker, and when I went back to school I thought about going into real estate law.

After I dropped out of college at the age of 19, I became a mortgage broker, and when I went back to school I thought about going into real estate law. I probably would have made a lot more money and died of boredom by now.

I think that every homeowner has a fascination with real estate. You can't deny that it's such a huge player in our finances. It's probably the most expensive thing you'll ever purchase, so you're forced to pay attention.

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.

your heart] That is your own estate, your own, your very own, --your own and another's. Whatever may go to the moneylenders, don't send that there. Don't mortgage that.

your heart] That is your own estate, your own, your very own, --our own and another's. Whatever may go to the moneylenders, don't send that there. Don't mortgage that.

We bought the big white house, at last, by merely signing our names on a piece of paper. Mr. Gore and Mr. Andrews down at the bank arranged the financial transference with an almost invisible maneuver of figures on a card. When my husband asked if we could borrow our money right back again and use the house as security, everybody laughed.

If you are going to buy, a prudent rule of thumb is not to carry a mortgage greater than two years' income.

By late 2008, one out of every five mortgage holders owed more than their homes were worth. The banks called in the loans, and the foreclosure notices piled up.

A sex researcher phones one of the participants in a recent survey to check on a discrepancy. He says to the guy, "In response to the question on frequency of intercourse you answered 'twice weekly.' Your wife, on the other hand, answered 'several times a night.'" "That's right," replies the husband. "And that's how it's going to stay until our second mortgage is paid off.

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.

People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.

Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.