Re: Will losses at Bank of America...

hk wrote:
Don White wrote:
"BAR" <ScrewYou@xxxxxxxxxx> wrote in message news:GbSdnTjPsYxpcgjanZ2dnUVZ_iydnZ2d@xxxxxxxxxxxxxx
hk wrote:
...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?
Thanks for reminding me that I have the opportunity to refinance my mortgage and reduce my monthly payments.

Also, we are in the process of deciding what new car we are going to buy. We may be able to get a loan from with zero interest from the dealer/manufacturer.

Gee.. with all the money you continually brag about earning...why not negotiate a better discount and pay cash for the vehicle?


He's highly leveraged, and hopes to be a dentist in his next life, when he will stay in high school.

I can certainly understand taking advantage of the rates right now to refinance a house mortgage, but going into debt for consumer spending? Nah.

I am retiring in 10 years Harry, 10 years earlier than you will start collecting your full social security bene's. And, the current market conditions will not affect my retirement plans. As other have said if the Dow goes down a couple of thousand points it is a buying opportunity.

.

Relevant Pages

  • Re: Will losses at Bank of America...
    ... Thanks for reminding me that I have the opportunity to refinance my ... mortgage and reduce my monthly payments. ...
    (rec.boats)
  • Re: Will losses at Bank of America...
    ... Thanks for reminding me that I have the opportunity to refinance my mortgage and reduce my monthly payments. ...
    (rec.boats)
  • Re: Will losses at Bank of America...
    ... Thanks for reminding me that I have the opportunity to refinance my mortgage and reduce my monthly payments. ...
    (rec.boats)
  • Re: OT: Thoughts on current US Economic condition
    ... If you refinance all defaults, you cash out both the low risk ... because they like holding mortgage paper on their books instead ... the current debt is higher than the market value, ...
    (sci.electronics.design)
  • Re: OT: Thoughts on current US Economic condition
    ... The money will be used, as I've understood, to buy bad loans from ... that the 'low risk' slices get paid first, then the next slice of risk, ... Street gamblers and encourage reckless mortgage writing, ... If you use public funds to refinance individual mortgages, ...
    (sci.electronics.design)