Quotes About Mortgage

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.

If you're struggling to make your mortgage payment, and you've got three kids between the ages of 12 and 18, and you and your spouse works, and someone says, 'Oh, by the way, the world's ending,' it's like, 'Please. You don't need to tell me that.'

You can refi your car loan just like you can refi your mortgage. It's even easier and less expensive. There's no appraisal process, and fees are minimal for a new car title. A couple of caveats: Most lenders require that the car be less than five years old and have a minimum loan balance of $7,500.

I got told so many times I needed a manager. For a long time I resisted, and I finally got one so I can pay my mortgage, and it helped me from becoming a homeless person.

By that point, of course, subprime lending had already virtually ended.

The housing collapse and credit problems could feed on each other and fuel a more general downturn

Relative to the enormous size of the mortgage market, the number seemed small to me.

a sign that investors weren't shunning the mortgage securities to the extent that they had been.

by making it costly for them to refinance.

which would lead to further weakening in housing,

foreclosed homes rarely resell for good prices,

I noted that at least some of the house price appreciation was the result of fundamental factors such as growing incomes and low mortgage rates.

I'm very interested in the more grass-roots consequences of the economic meltdown: issues related to mortgage foreclosures, debt collection, and the practices of credit card companies and others who hold a lot of consumer debt.

I had a couple come in with a negative amortization mortgage on a house that costs way too much relative to their income. They're consuming real estate, not investing in it.

God did not say that you should be able to borrow one hundred percent of the price of a house.

We have this amazing ability to turn on the exactly same stress response worrying about a mortgage that a zebra does when it's sprinting away from a lion.

Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.

If I had a long-term partner, I don't think I'd be an actor. It'd be too much of a strain; you have to work too hard to balance that life with a family and a mortgage and all that stuff - it would be too much.

I'd been spending way too much money. I wasn't very sensible. I got to the point where I couldn't afford to even pay the mortgage.

How is that for some people drinking is a short-term loan on the spirit, but for others a heavy mortgage on the soul?

How is it that for some people drinking is a short-term loan on the spirit, but for others a heavy mortgage on the soul?

The two questions that anyone ever asks me are: 'Are house prices going to go down?' and 'Is it a good time to fix my mortgage rate?'

As we sat in the afternoon sun, he gave me a quick tutorial on the burgeoning subprime mortgage market. Whereas banks had once typically held the mortgage loans they made in their own portfolios, a huge percentage of mortgages were now bundled and sold as securities on Wall Street. Since banks could now off-load their risk that any particular borrower might default on their loan, this "securitization" of mortgages had led banks to steadily loosen their lending standards.

the Home Affordable Modification Program (HAMP), designed to reduce the monthly mortgage payments of eligible homeowners to no more than 31 percent of their income, and the Home Affordable Refinance Program (HARP), which would help borrowers refinance their mortgage at lower rates even if their homes were underwater.