Markets and mortgages

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Note: the mortgage lender I spoke with is not necessarily the largest single recipient of federal bailout money, just one of the largest. Also check me out on www.facebook.com and twitter.com

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    There Are 25 Responses So Far. »

    1. Comment by sonic2batt on 31 January 2011:

      Even with Fixed Rate Mortgages, you have to be concerned with property taxes increasing every year which essentially raises your mortgage payments if you have an escrow account (which most mortgage paying homeowners do).

    2. Comment by Chieflandite on 31 January 2011:

      Peter Schiff is without a doubt one of the smartest men in America and is helping his fellow Americans with all his knowledge. Thank you Mr. Peter Schiff.

    3. Comment by viehe69 on 31 January 2011:

      That’s is exactly what is dumbfounding. He states obvious truth, but mainstream economists, the government and most Americans JUST DON’T GET IT!!

    4. Comment by hardmod777 on 31 January 2011:

      Peter….I love most of your mantras….I’m a Mortgage Branch Manager. I have not originated an A.R.M in 2 years. * With FHA you have to show that you have the 3.5% to put down up front..You don’t get the Gov rebate until 6 weeks after you close…..Very few originators are still originating ARS, especially FHA ARMS.

    5. Comment by 1776uspatriot on 31 January 2011:

      Seeing the same here in Maryland… Ryan Homes and other builders are selling townhomes and it surpises me on how gullible ppl are because here in Frederick County townhouses have not returned to their pre-bubble prices. Single family homes too are selling well too, although the sq footage of new homes is less. The Us Gov is creating a suckers buy!

    6. Comment by ThePowerWithinMe on 31 January 2011:

      Has anyone looked at the leaves changing colors?

      I think I’ll take my dog for a walk.

      Football is 3 days away.

      The King of Queens is one of my favorite TV shows.

      What’s for lunch?

      How did I end up watching this video?

    7. Comment by elitebanktyranny on 31 January 2011:

      How am I trying to show people that I’m intelligent?

      The fact that the majority people don’t understand how our government works is just really starting to piss me off.

      I understand what you meant after that explanation but look at what you originally said….. you didn’t call him a congressman you just said he’s in Congress not the Senate. That doesn’t make any sense at all.

      I apologize for the name calling though… after reading yandranko’s comment yours threw me over the edge

    8. Comment by IWashMyOwnBrain on 31 January 2011:

      Thats amazing the banks have learned nothing….or its all in the plan.

    9. Comment by McRocket on 31 January 2011:

      Thanks again Peter.

    10. Comment by fs413a on 31 January 2011:

      I love anger in debate. So beautiful. Anyways, if you don’t want to lose friends lie. If you want to tell the truth then you will lose friends. Simple as that. I’m not saying any which way is wrong; just stating the obvious.

    11. Comment by yadranko on 31 January 2011:

      First off, is degrading others really a way to show everyone how intelligent you are? I am not sure about your intelligence, but I can be pretty sure that this kind of conversation won’t make you many friends.

      Second off, everyone knows what I really meant, congressman in congress – the house of representatives, and senator in senate – also part of congress, but senators are never called congressmen, the name is used for members of house of representatives.

    12. Comment by elitebanktyranny on 31 January 2011:

      The National Security and Homeland Security Presidential Directives, created and signed by George W. Bush on May 4, 2007, claims power to execute procedures for continuity of the federal government in the event of a “catastrophic emergency”. Such an emergency is construed as “any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, ECONOMY, or government functions.”

    13. Comment by elitebanktyranny on 31 January 2011:

      Sorry for the nasty replies… those comments threw me over the edge.

      Anyway thanks for the update Peter. If you win the Senate seat then I’ll actually start gaining faith in the people of this country…. or at least Connecticut.

    14. Comment by elitebanktyranny on 31 January 2011:

      You should stop watching MSNBC, CNN, and Fox News.

      Try reading a book. Maybe do some research on your country’s politics since the early 1900′s.

      You live in “I don’t give a fuck, screw me” land.

    15. Comment by elitebanktyranny on 31 January 2011:

      Second off, you’re a bigger dumbass. The Senate is part of the Congress.

      Ron Paul is in the House of Representatives.

    16. Comment by elitebanktyranny on 31 January 2011:

      First off, you’re a dumbass…. Ron Paul is in the House of Representatives.

    17. Comment by varange2 on 31 January 2011:

      You live in lala land.

    18. Comment by MOPEDBRAD on 31 January 2011:

      Ron Paul is a representative from Texas.

      Congress is made up of of 100 senators, 2 from each state, and the representatives; the number of which are based on the population of each state.

      Currently I believe there are 535 representatives.

    19. Comment by bigbrownanimal on 31 January 2011:

      Some guy tried to sell Peter Schiff on something to do with economics? Are you kidding me?

    20. Comment by yadranko on 31 January 2011:

      Ron Paul is in Congress not Senate. Turn on your TV and you’ll see what kind of things he’s been stirring up, thanks to him America is getting on fire in regards to big government and the FED.

    21. Comment by jjorge730 on 31 January 2011:

      You can make money investing in real estate whether the market is down, up or sideways just depends which niche you want to go into(Tax delinquent prop, pre-foreclosure, reo’s etc). Right now I am trying to learn how to get free and clear properties and try to negotiate with the homeowner to give me owner financing rather than going to the bank and renting the home out. Remember guys get rid of fiat currency and put it into commodities.

    22. Comment by furyofbongos on 31 January 2011:

      “Hopefully if I make it to the U.S. Senate I can change that.”

      Just like how Ron Paul has change things in the Senate?

    23. Comment by hardhittn63 on 31 January 2011:

      He shouldn’t buy a house because a lot of people will call him a hypocrite, and there’s no room to explain like this in reality.

    24. Comment by vinayakaca on 31 January 2011:

      Acttually his intentions are same as everyone’s – To make MONEY !
      If you are convinced there will be high inflation and you know that in that high inflation times, your earning also keeps up with inflation, then it makes sense to take a FIXED interest rate loan @ the LOWEST rate you can get for the LONGEST period of time and the LARGEST amount you can eligible for.

      This is called LEVERAGE, if you know what you are doing you get rich very fast, else you get bankrupt.

    25. Comment by limitedgovt999 on 31 January 2011:

      Well, thanks to him I bought into a Honk Kong REIT last year during the crash, it was paying 15% dividends. Not including the dividends it is up almost 40%.

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