Monthly Archives: September 2010

What’s your Borrowing I.Q.? Take the Test and Win the Title

Here’s a chance for you to test your borrowing intelligence quotient.  Some of the questions were covered in previous posts and some are brand new material.  I’ve wanted to be the devious professor who gives the brutally hard test with … Continue reading

Posted in About Me, Banking, Borrowing, Debt, Finance, Financial Planning, Home Ownership, Money, Mortgage | Tagged , , , , , , , , , , , , , , , , , ,

Home Ownership and Mortgage Rewind

We’ve had some fun looking at home ownership and mortgages over the last several posts.  Let’s review what we’ve learned: September 22, 2010: The tale of the tortoise and the hare is an excellent object lesson about why going long, … Continue reading

Posted in Banking, Borrowing, Debt, Money, Mortgage | Tagged , , , , , , , , , , , , , | 2 Comments

Are you a Mortgage Tortoise or Hare? How to Calibrate your Home Loan Radar

Why are you in such a hurry to pay off your mortgage?  We should take a lesson from the tale of the tortoise and the hare when it comes to home loans.  Slow and steady wins the financial race. So … Continue reading

Posted in Banking, Borrowing, Debt, Finance, Financial Planning, Home Ownership, Money, Mortgage, Strategic Planning, Uncategorized | Tagged , , , , , , , , , , , , , | 2 Comments

Ten Reasons to Pass on a New Mortgage

The last post looked at some common beliefs about mortgages.  This week I read a great article by Brett Arends’ in the Wall Street Journal, 10 Reasons to Buy a Home, that fits nicely into our series on home ownership and … Continue reading

Posted in About Me, Borrowing, Debt, Financial Planning, Home Ownership, Money, Mortgage | Tagged , , , , , , , , , , | 1 Comment

Operation Mortgage Freedom or Prisoner of Myth? The Soldier Dollar Wars

We all want the truth when it comes to financing our home, right?  What is truth?  This is part three of a series on housing and mortgages.  The last two posts covered some common beliefs about home ownership: September 8, … Continue reading

Posted in Borrowing, Debt, Finance, Financial Planning, Home Ownership, Military, Money, Mortgage | Tagged , , , , , , , , , , , , , | 8 Comments

Do you Live in a Dead Real Estate “Investment”? Reduce your Financial Crypt Quotient!

Common Belief:  My primary residence is a real estate investment. You want a great return on all your investments, right?  In this post you’ll learn that a homeowner consumes shelter and does not own a real estate investment. What does … Continue reading

Posted in Borrowing, Debt, Financial Planning, Home Ownership, Money, Mortgage | Tagged , , , , , , , , , , , | 13 Comments

Home Ownership or Parasite Buffet? Who’s Sucking your Money Blood?

The next few posts will be a series on financing home ownership and a comparison of two popular mortgage products, the 15-year and 30-year fixed rate loan.  But first, I’d like to take a look at some common beliefs about … Continue reading

Posted in Borrowing, Debt, Finance, Financial Planning, Home Ownership, Mortgage, Public Policy | Tagged , , , , , , , , , , , , , , | 5 Comments

Financial Rabbit Trails v.s. GPS Financing: How to Avoid Path Integration

Are you following a financial rabbit trail?  Does it loop around in seemingly endless illogical patterns? Animals use path integration to determine their location and direction.  In this post we’ll learn how to manage the impulse to follow a financial … Continue reading

Posted in Banking, Borrowing, Debt, Due Diligence, Finance, Financial Planning, Money, Negotiating, Relationships, Strategic Planning, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 10 Comments

Is Your Financial Tree a Strong Oak or a Fragile Widow Maker? Looking Underneath the Visible Canopy

Our financial lives can be like this tree. The violent winds of life blow from a direction and at a speed we don’t anticipate and are unprepared to resist. For years the predictable economic winds blew and many financial trees withstood the gusts. The winds of the current financial crisis began blowing in 2007 and left many financial lives uprooted. Continue reading

Posted in Borrowing, Debt, Finance, Legacy, Money, Uncategorized | Tagged , , , , , , , , , , ,