ss_blog_claim=bf53c2c2a6b5e4b759eb9b46babec032 Stephen the dog: Mortgages

Thursday, April 19, 2007

Mortgages

I don’t know about you but I am not independently wealth. Yes it is true I can’t retire just yet. One of the scariest and decisions you will probably run into is the decision to buy a home. Almost all of us will need to take out a Mortgage for our home purchase. There are a lot of cool things about Mortgages like the fact that the interest on them is tax deductible.

Although generally I think all kinds of debt are bad, most people make a distinction between good debut and bad debut. Mortgage debt is considered good debt while credit card debt is considered bad debt.

Ok so Mortgages are good things but it is very important to pick the right one. There are tons of different mortgage products out there. You are talking about something that you will be living with for the next 15-30 yrs and is generally financing 3-7 times your annual salary. Picking the wrong mortgage could cost you tens of thousands of dollars over the life of your loan. It is very important to do your research before you sign anything.

There is a great site out there that gives you
mortgage rates and some very information articles. You can learn all about sub prime loans, or how to figure out how much of a mortgage you can afford. These are some great articles so do your self a favor and check them out if you are thinking of buying a home. Mortgagelowdown.com is a great resource. I just found out that mortgage insurance will be tax deductible in 2007 how cool is that.

I give it a Stephen rating of 7.







3 Comments:

At May 31, 2007 at 5:52:00 PM EST , Anonymous Sticker Factory Dave said...

I can't wait for the ARM resets coming this Christmas season.

All these people who took out HELOCs so they could buy toys and 'upgrades' for their homes. Silly people thought they were taking out their equity when they were just borrowing money against it.

HA

Check out the charts here
http://bigpicture.typepad.com/comments/2007/05/some_more_housi.html

Stephen, perhaps in a few years you can buy a really big dog house with your PPP money.

 
At June 8, 2007 at 2:16:00 PM EST , Anonymous Anonymous said...

I can't believe Stephen the Dog sold out so easily. Nothing makes sense in my world now

 
At June 9, 2007 at 4:25:00 PM EST , Blogger Stephen said...

Sorry to disappoint you I have not really sold out. I am just trying to make a living. If it is in Pink then feel free to ignore it it is a commerical. I have to cover my expenses somehow.

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home


Myspace Countdown or Myspace Layouts
/* Counter set up*/ Stephen the dog: Mortgages