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Mines paid off but I almost took a loan on it just over a year ago at 2.125% on a 15 year. I kind of wish I would have done it and then put the cash in the bank. I've got some cds paying 5.1% now.

Although if I would have taken that 1.1 million loan on my house I may have done something stupid with the money. I wanted to build some smaller spec homes or use them as rentals. It's nice not having a mortgage in sloppy Joe's economy.

Bb

Give them a name, and say FBI. Pause briefly and say “You have the right to remain silent.” They will hang up every time.

I work for a bank and the fee income we receive from mortgages is substantial whether we sell them on the secondary market or to FREDDIE & hold the servicing. There are a lot of people sitting on huge credit card balances who want to refi at a (cumulatively) lower rate.

A lot of calls have been going on to large deposit customers who for the past 15 yrs haven’t moved money out of savings or checking accounts due to money market accounts & CDs paying nothing. Money is now worth a lot of us so we’re offering higher yield products to those customers to keep the deposits in house and support commercial loan growth.

If I don't know who it is, I don't answer the phone. Done.

The schit is going to hit the fan around September watch n see

Screw them SOBs. 10 years ago I asked why the interest rates on CD was so low. Answer---we don't need/want your money---we can borrow the money cheaper from the FED. Put it in your pipe & smoke Bob

I get about four offers a week in the mail. For the last year it has been "refinance and take cash out". Now it is "refinance and pay off those personal loans and credit cards". My mortgage is at 2.75%. Don't need the cash and a 6.25% mortgage. The only credit card I use has a low or no balance. Never carry anything for more than a couple of months. Have a couple of things we bought on 12 months same as cash and 24 months same as cash.

Yep. And if you don't leave a message you get blocked.

Yep. That’s what I do too.

I paid this place off in '07. When we sell it at some unknown time, we'll be downsizing so it'll all be cash.

Your property will appreciate, well unless we have a real crash. Your “Brandon” cash will erode.

Better feel your bank’s pulse before going too heavy with their schemes. A T Bill may or may not be better than a CD.

Annuities are usually with ins companies, so who knows. I’ve been told they, by law, must have over 100% in reserves to cover your annuity.

So, what’s safe anymore. You can’t eat gold or silver.

Guns and ammo could be good barter material. Just depends on how bad it gets. Food and shelter are necessities, of course.

DF