I liked this article because it is just trying to dispel the misconception that a 30 yr mortgage has to be paid over 30 years.  The point he is making is that you can get a 30 yr. and pay it off in exactly 15 yrs.  The rates on 30 yr. loans are about .5 percent higher so you pay a little more, but for that premium, you...more

what is facebook?

FB has a great service and the potential for big profits if it can ever monitize its users.  However valuation matters and it was way overpriced.  There was more hype on this stock than anything since 1999.  It is completely reasonable that the stock fell given the valuation, but I was surprised that it did not pop 30%...more

"Exotic loans [like FHA loans] should be reserved for very special circumstances.”   really... all FHA loans are either 15 or 30 year fixed rate fully amortizing loans, not very exotic to me.  Other than the low down payment they are as safe as anything out there.   The scrutiny of underwriting that happens on ...more

what is facebook?  I never heard of it.

The SS trust fund is not bankrupt.  The fund collects more taxes than it pays out in benefits each year.  These surplus funds are invested in the safest, most liquid investment in the world, US Treasury bonds.  Call those IOUs if you want, but everybody else calls them investment grade securities.  These bonds are real...more

dang, 25%...that is loan shark interest!

what is facebook?  is that one of those things on the interwebs that all the kids are using?

Apple had shown the iPhone publicly before they realized that Cisco actually had the trademark for a VOIP phone.