It is just too boring to buy an index fund even if it has proven to make you rich as long as you hold onto it.
In the world of smart phones and the internet, no one have any patience any to wait for anything to happen.
In fact many people would rather lose money and go out in a blast rather than accumulate wealth and live a mundane life.
A jumbo mortgage is a home loan with an amount higher than the maximum loan limit eligible for purchase by Freddie Mac and Fannie Mae.
Home loans that fall within the ceiling of the stipulated limits are called conforming mortgages.
While those that exceed the limits are jumbo mortgages as the perception is that these loan sizes are considered large.
A reverse mortgage is a secured loan for elderly homeowners whereby instead of them making payments toward repayment, the lender makes payments to them.
This is a program meant to help senior in retirement who no longer have an income to have access to cash that is borrowed against home equity.
Also known as a reverse-annuity mortgage or home conversion loans, the borrower keeps the house for residence and gets to receive a recurring cash payment.
When we talk about affordability in real estate, we are usually referring to a whether a consumer has the capacity to afford a house.
And if so, how much or how big a house that might be.
This affordability is expressed in terms of the maximum loan-to-value (LTV) he can qualify for, and the maximum loan quantum a lender is willing to offer.