1*Well if I were guaranteed 10%, sure that would be great. 2*I know too many people who have these great who thought they would be retiring soon, and instead, they'll be working quite a lot more years. 3**What if you don't make 10%? What if you lose money? 4*At least putting the money into equity on your home is much more risk free. 5*Yes, if you have a devastating problem you may have to sell your home and move to one cheaper. 6*But you'll have the equity to do that. RichC ******** 1*People are loosing money every day who don't have money in the market. 2*And how many extra years over that would they be working had they not had 401Ks or stock portfolios. 3*people are loosing money anyway. 4*Unless there is a housing slump and homes aren't selling at the very time you need the equity out of it. A big drawback with equity is that of being able to liquidate. The equity in a home has the same 2 serious problems that the cash value has in a whole life insurance policy . (At least putting the money into equity on your home is much more risk free. ) It's not when you're putting all your money into the risk. By putting all your money into the home you are putting all of your eggs in one basket and breaking the # 1 rule of investing which says diversify. 5*But what if you can't do that for the reason given in number 4? 6*Then again you might not! Something else about loosing money Which would you rather face ten to fifteen years from now having $10,000 in a savings account where you never lost a dime or having an investment worth $50,000 that you lost $20,000 dollars in along the way. Read Butches rule of 72 thread. It explains why bankers and insurers love people who think like you do. About the only way you can loose in the stock market is by staying out of it. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""'' PS New Member Must Reads.--------------------------- http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=350770#post350770 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=314910#post314910 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=352826#post352826 Sample letters http://consumers.creditnet.com/straighttalk/board/index.php?s= WhyChats statute of limitations http://community-2.webtv.net/Y-chat/WhyChatsCredit/ http://community-2.webtv.net/Y-chat/WhyChatsCredit/ statute of limitations http://www.edebtnetwork.com/content/collection_laws.asp """"```--~~~~~~~~~--```'""'''
: This is highway robbery!!! You're not going to get the big compounding effects unless you assume some risk . Hedwig ================ A good way to reduce or eliminate risk is to use money you are already spending to invest.
Re: Re: This is highway robbery!!! You can't get it out of the house then, but you can get it out of your investments. Hedwig ============================= The trouble with having equity in a home is it's like having cash value in a life insurance policy. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""''' PS New Member Must Reads.--------------------------- http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=350770#post350770 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=314910#post314910 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=352826#post352826 Sample letters http://consumers.creditnet.com/straighttalk/board/index.php?s= WhyChats statute of limitations http://community-2.webtv.net/Y-chat/WhyChatsCredit/ http://community-2.webtv.net/Y-chat/WhyChatsCredit/ statute of limitations http://www.edebtnetwork.com/content/collection_laws.asp """"```--~~~~~~~~~--```'""'''
Re: Re: This is highway robbery!!! lbrown59, You responded to yourself 5 times in a row? I actually enjoy your posts and was sorry to see that Creditnet MADE you cut down your signature. I hate to see a guy be forced to get a hair cut, but 5 in a row? The shorter signatures do look better though!!!!!!!!!
Re: Re: This is highway robbery!!! http://consumers.creditnet.com/straighttalk/board/showthread.php?threadid=47474&goto=newpost
Re: Re: This is highway robbery!!! 1* you didn't mention this, but you can also pay a little extra for mortgage insurance so that the mortgage is paid in event of disability or death, so I really don't think those things ought to be an issue either. 2*One thing I DO believe in is having insurance. Rhonda k ================== 1*Credit life is a bad rip off. 2*But there is a right way and a wrong way to have it. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""''' PS New Member Must Reads.--------------------------- http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=350770#post350770 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=314910#post314910 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=352826#post352826 Sample letters http://consumers.creditnet.com/straighttalk/board/index.php?s= WhyChats statute of limitations http://community-2.webtv.net/Y-chat/WhyChatsCredit/ http://community-2.webtv.net/Y-chat/WhyChatsCredit/ statute of limitations http://www.edebtnetwork.com/content/collection_laws.asp """"```--~~~~~~~~~--```'""'''
The lender's appraisal done for the loan has absolutely nothing to do with your county tax appraiser who appraises the house each year for tax purposes unless you take it to him and ask if he can increase your value for tax purpose. For example the appraisal based on the "basis100" electronic appraisal system like the one at BofA I linked previously appraises my house between 125 and 154% of the market value my county tax appraiser established for tax purposes. Another electronic appraisal system (don't know which one) puts it at 183% of tax value according to a lender I contacted. Unless your tax value is correct you're better of going with a lender who will do an electronic appraisal and only actually pay for one if that is going to give you a higher value than the electronic ones used by lenders. Slavic ----------------------------- What I learned about appraisals is the property value is determined by who is wanting to use the appraisal. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""'''
TAX APPRAISAL IS IN MY REACH...on my desk... I have to TAKE A DAY OFF FROM WORK to have somebody come measure my house inside and out (DIDN'T MEASURE IT WHEN I BOUGHT IT???)...then come up with a value... THE PAPER I HAVE IN MY HAND ALREADY HAS A PRICE ON IT...AND IT WAS SENT TO ME FOR FREE!!!
1*The house was paid off with when my dad died. (his mortgage insurance) plus she got his life insurance. 2*Guess that's another reason I'm a big believer in having a lot of insurance. If he'd had a bigger policy, she wouldn't have to be working now. One of those very unexpected things (aneurism). ~~~~~~~~~~~Rhonda~~~~~~~~~~~~~~~~~~~~~ 1*She would have gotten more money if he hadn't of had the mortgage insurance. 2*The right coverage is just as important if not more important than the the amount.of the policy. THE END ** *** ** LB 59 """"```--~~~~~~~~~--```'""''' PS New Member Must Reads.--------------------------- http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=350770#post350770 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=314910#post314910 http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=352826#post352826 Sample letters http://consumers.creditnet.com/straighttalk/board/index.php?s= WhyChats statute of limitations http://community-2.webtv.net/Y-chat/WhyChatsCredit/ http://community-2.webtv.net/Y-chat/WhyChatsCredit/ statute of limitations http://www.edebtnetwork.com/content/collection_laws.asp """"```--~~~~~~~~~--```'""'''
