Comments on: Should I Refinance Now? Does A Bear Poop In The Woods?

By: Don't Pay Off Your Mortgage Until You Retire | Financial Samurai

Don't Pay Off Your Mortgage Until You Retire | Financial Samurai — Fri, 25 Mar 2011 16:25:00 +0000

[...] rates are so low now. As I mentioned in “Should I Refinance Now? Does A Bear Poop In The Woods?“, you can borrow at 3.625% for a 5/1 ARM nowadays. That’s essentially how much money [...]

By: Financial Samurai 2010 Year In Review | Financial Samurai

Financial Samurai 2010 Year In Review | Financial Samurai — Wed, 22 Dec 2010 08:26:07 +0000

[...] the multitude of subjects on this site. I also hope you’ve made a good amount of money by refinancing your mortgage this summer and going more aggressive into riskier asset classes thanks to so many positive anecdotes revealing [...]

By: Financial Samurai

Financial Samurai — Tue, 12 Oct 2010 21:10:26 +0000

What loss? The math in the example is a guaranteed return. Sure, your property value may go to zero, but that is a different question as we are talking about cash on cash returns.

By: Financial Samurai

Financial Samurai — Tue, 12 Oct 2010 21:09:00 +0000

But I am going to spend a good portion of my disposable income on vacations, food, and experiences. The money multiplier effect should kick in and help others.

By: retireby40

retireby40 — Tue, 12 Oct 2010 20:07:43 +0000

Yes, it would be great to get a nice 10% return, but what happens if you get a not so nice 10% loss? Then you would have a huge problem on your hand. too risky for me.

By: Mark

Mark — Tue, 12 Oct 2010 17:49:25 +0000

I was thinking exactly the same thing!

By: Mark

Mark — Tue, 12 Oct 2010 17:48:00 +0000

I don’t think a refinance wave will hit the nation because of what you said in one of your last sentences. The irony of monetary policy is that it benefits those the most that need help the least. Most Americans do not have a credit score of 710 or above so they are not eligible to take advantage of sweet deals like the one you are getting.

By: On A Mission To Refinance America | Financial Samurai

On A Mission To Refinance America | Financial Samurai — Thu, 19 Aug 2010 09:04:12 +0000

[...] I’ve been on a mission to tell anybody who will listen to refinance their mortgage. I get nothing in return, just the satisfaction of knowing that someone who isn’t a rate [...]