Re: Will losses at Bank of America...

hk wrote:
BAR wrote:
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.



Maybe when you retire in 10 years, you can enroll in high school and get your GED.

Won't need to, I will have retired 10 years sooner than most my age at a higher standard of living than I have now.

.

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. ... He's highly leveraged, and hopes to be a dentist in his next life, when he will stay in high school. ... the current market conditions will not affect my retirement plans. ...
    (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. ... He's highly leveraged, and hopes to be a dentist in his next life, when he will stay in high school. ... the current market conditions will not affect my retirement plans. ...
    (rec.boats)
  • Re: Salon: SS Reform: "Bushs Dirty Little Secret"
    ... homes outright that will have resulted from constant refinancing. ... during the last 10 years of the mortgage. ... certainly reflects a decrease in asset ownership for retirement. ... People may well be using less and less land per dwelling. ...
    (sci.econ)
  • 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)