The Forbearance Bait & Switch
Remember when the Covid-19 pandemic first started. You know, like 10 years ago… or at least it’s starting to feel that way. Remember how helpful your bank or mortgage servicer was when they sent you that caring letter or you received that understanding phone call offering you a forbearance, meaning that you didn’t have to worry […]
HELOCs Often a Bad Choice for Older Homeowners
HELOCs were never designed for retirees. They are designed for working-age people… people whose incomes tend to rise over 10 years and then can expect to refinance the loan when it becomes fully amortizing and the monthly payments increase. That’s the opposite of someone who’s 65 or 70 and retired. HELOC stands for Home Equity […]
Hate to Say it, but Trump Might Be Right About Indictment
It’s been two weeks since the news broke of the Trump Organization and its CFO, Allen Weisselberg, being indicted by the State of New York. And, perhaps predictably, the main stream media immediately went into overdrive with experts opining as to how this would finally mean real trouble for former president, Donald J. Trump. Some […]
How Credit Cards Took Hold of Our Lives
The people of this country have been the target of the most insidious and pervasive form of propaganda, non-stop, for the last 50 years. And, perhaps the worst part is that our government has been complicit in allowing it to continue because, at least in part, our government has been a beneficiary of what’s been accomplished. […]
Dirty Dozen: The 12 Biggest Reverse Mortgage Mistakes
First of all, let’s get one thing straight… there’s nothing inherently wrong with a HECM reverse mortgage. I know, a lot of people think there is, but it’s not true and they’re wrong. The HECM, which stands for Home Equity Conversion Mortgage, was created by Congress, is regulated by HUD, and is insured by FHA. […]
Not All Conspiracy Theories are Wrong
This country was started by an actual conspiracy. Of course, we refer to the conspirators involved as “founding fathers,” and as a group they met in secret to plot how to rebel against the government. Benjamin Franklin, commenting on the conspiratorial nature of what they were involved in, basically said: We must hang together or […]
What If You’re Wrong?
I’ve spoken with a lot of people lately about a lot of topics. People have all sorts of opinions these days, and I just want to ask the question: What if you’re wrong? About what, you may ask? About anything, would be my reply. Dominion Voting Systems vs Rudy Giuliani It really started for me a […]
Cancelling Culture, by Dr. Seuss
Do you like green eggs and ham? I do not like them, Sam I am. I do not like greens and ham. Would you like them here or there? I would not like them here or there. I would not like them anywhere. Those are words most of us grew up with… the words of […]
All We Know for Sure About Unemployment Numbers: They’re Wrong.
According to the monthly jobs report, published by the Labor Department on the first Friday of every month, the U.S. unemployment rate, as of February 5, 2021… is 6.3%. That report shows that 10.1 million Americans are officially unemployed, and all we know for sure about that number is that it’s wrong. There are many […]
Why Don’t More Retirees Know About a HECM-for-Purchase?
The first Social Security check was mailed out in 1940. That first check went to Ida May Fuller, dated January 31, 1940, in the amount of $22.54. She had worked under the Social Security system for less than three years. Back then, the average male retired at age 65… and then died at age 67. So, […]
