Surprise - You Might Be Equity Rich!
Equity rich is defined as having over 50% equity in the value of your house. If you own a $400,000 house and you have over $200,000 of...
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The Borrow Smart Chronicles
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2 min read
Simple Calculators to Answer Complicated Questions
At https://www.niofe.org/calculators we are adding back all our old calculators. About 9 years ago we received a $10,000 per month...
3 min read
Questions Change Your Life
Created withDALL·E, an AI system by OpenAI I heard George speak at an Ameriprise conference years ago. His approach, is to dig into the...
2 min read
Where's the Money for the 99%?
When you look to make an impact financially - you go where the money is. Willie Sutton was famously asked 'Why do you rob banks?' Then...
2 min read
Debt and Borrowing are Relative
Hopefully, if you are reading my blog, https://www.borrowsmartuniversity.com/single-post/information-arbitrage-the-heart-of-most-decision...
1 min read
Financial Literacy - a curiosity study...
After talking to Dave Savage about financial literacy, I realize I hadn't looked into the recent research in some time, and there is a...
3 min read
Your Income and Expectations are Programmed (good and bad)
With a network of loan officers spanning 7 states, I as the CEO was keenly focused on their success and performance. We had a pacesetter...
1 min read
Loan Officer Stress Test
Please study the photo carefully: "The picture posted here has 2 identical dolphins in it. It was used in a case study on stress levels...
2 min read
Housing Just Gotta Be Like That...
The average monthly mortgage payment is us 62.2% from a year ago, per Zillow... driven by higher mortgage rates and higher house prices....
4 min read
Information Arbitrage - the Heart of Most Decisions
I haven't posted much here about why I write, and I haven't promoted the CLA™ course in the Blog, but I wanted to share a few thoughts...
2 min read
Is an Auto Crisis the Next Housing Crisis Jr?
I had a 2003 Suburban, loved it but we'd replaced it with a newer one. The KBB value on the car was $3,500 and that's what the dealer...
3 min read
The Renter Savings Trap - Wait to Buy?
It can be really difficult for renters to save for a down payment. If saving up to buy a house is your plan it may have some...
2 min read
Returns Cycle - Real Estate On Top... What's next?
In Q3, 2019 and Q4, 2021 real estate was on top. It move around like all asset classes. Watch what happens - when real estate was on...
2 min read
When You Must Borrow, Borrow Smart
Consumers are using credit card debt to make up the difference between current earnings and the inflationary rise in spending on food,...
2 min read
Housing Has Been a Productive Wealth Generator
Are you better than you were a year ago? At something? Your house is... it took a masters class in wealth creation (or maybe it was...
2 min read
Did Increasing Rates Bring Down Inflation in the 1970s?
NO, and then YES. NO, as you can see interest rates were raised in 1970 to about 8.5%, and inflation abated, rates dropped for a few...
3 min read
Housing Price Musings - Don't Believe the Hype
Here's what I'm seeing daily: 1) Housing prices are not going down, they only go up. Because of x,y,z... 2) Housing prices are going...
2 min read
Where is Wealth Housed?
I found an old drawing on my iPad when I was first playing around with my new apple pencil. It's simple but there is a lot you can draw...
2 min read
Lifecyle of Equity Development
Years ago working on a project for Ameriprise, we looked into the dynamics of equity creation from home ownership. Equity development...
3 min read
I'll Get Back To Lending and Housing - But...
in the mean time there is a lot going on out there that makes this an interesting time in our financial history - as a country, and for...
1 min read
Good News for The Economy
When you look at the overall strength of the borrow, their debt as a % of income is the lowest in measured history. Notice the peak in...
1 min read
State of the Mortgage Industry - Half-Time Report
Dave Savage is doing such an incredible service to the mortgage industry with his work, and I was fortunate to get to spend some time...
2 min read
We're Rich! er' than Ever...
American's a really great at making money. We are the most efficient nation on the planet in turning an hour into productivity that...
2 min read
The Renter Challenge
There are times to rent, but only in short term time frames. Over time the average person is making income that is keeping pace with...
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