Archive for the ‘Banking’ Category
Friday, August 20th, 2010
Nine years ago when I got a 30-year mortgage for my first house, people said that I got a really good rate: 5.875%.
Now, if I still had that mortgage, it would almost be a no-brainer for me to refinance to a 15-year mortgage. I saw that rates were 3.875% for ...
Posted in Banking, Deals and Steals, Real Estate | 7 Comments »
Thursday, August 19th, 2010
Smithee, a staff writer over at Consumerism Commentary, gave his opinions on the positive opt-in that's now necessary for banks and credit unions to enroll customers in overdraft privilege services. In a previous life as a Bank of America customer service representative, he had to tell customers that they couldn't ...
Posted in Banking, Commentary | 9 Comments »
Thursday, July 29th, 2010
Thirty-year mortgages rates haven't been this cheap in my lifetime. Considering this was the year of my 20th high school reunion, that's a fairly long time.
A fixed-rate mortgage costs more to obtain than an adjustable-rate mortgage of the same term because the lender bears the interest-rate risk. The means that ...
Posted in Banking, Personal Finance | 5 Comments »
Thursday, May 20th, 2010
Banking of late hasn't been much to laugh about, but a couple of days ago I heard a term that gave me a pretty big laugh:
frequent flier (n.): a credit union member who makes regular use of overdraft privilege on their checking account.
Our credit union currently offers a couple of ...
Posted in Banking, Credit, Personal Finance | 2 Comments »
