Money By Mark - Big Dogs » mortgage

Why interest rates are not the importance of a loan

admin — Sun, 03 Apr 2011 04:06:34 +0000

So many times I have heard the question “what’s the rate” or “what are rates today” or “what rate did you get?” I’m sure I’m not the only one to hear these statement/questions either. Many people say these things all of the time.

From the title of this article, if interest rates are not the importance of the loan, what is?

Let me start by saying interest rates are important, I do understand this. Obviously, rates set the payment and determine how much interest is paid. However, on a calculator (mortgage or other loan), the rate is changed. What this means is that the rate is secondary to the loan calculation, a.k.a. amortization schedule. That’s right the amortization is more important than the rate. This is just one key factor to understanding the bank that I discuss in Barking With The Big Dogs so people can understand the inner workings of the bank. But rather than go into the real meaning behind the amortization right now, which is not to simply just show numbers with payments and interest like everyone else does, let me continue with a question…

If rates were the importance of a loan, then why do banks and credit unions build new buildings when rates are at their lowest?

(You can get the answers in Barking With The Big Dogs…but only for a limited time while it’s still available. Get a copy today before the copies are gone.)

Why is all of this important to you? It’s your money, that’s why!

New Release On Kindle – More Value Than Dinner At Chili’s

admin — Mon, 07 Feb 2011 15:56:09 +0000

Okay, so I eat at Chili’s restaurant quite frequently. Been doing so for years and will continue to do so.

Chili’s has (from time to time at least) a $20 for two meal special. Is that a great deal, or value?

Maybe, but Barking With The Big Dogs is now available on Kindle for $15 – and the value here is the insight about banking and lending that affects a lifestyle, not just dinner for an evening.

Download today, or get a paperback copy!

Coming to Kindle

admin — Sat, 05 Feb 2011 01:23:32 +0000

Barking With The Big Dogs is available on my website, Amazon.com (see Shop Now – it will take you there) and Amazon’s Kindle in just few days!

Get a copy today.

Think Like A Bank

admin — Mon, 31 Jan 2011 15:24:35 +0000

Beating the bank at its own game means thinking like a bank.

Barking With The Big Dogs introductory promo ends tonight.

Great Quotes – Top Secret Information

admin — Wed, 26 Jan 2011 05:48:59 +0000

The following is a quote from Gordon Gekko in the movie Wall Street (1987). Many lines worth remembering (to me) came from this movie.

(Link) View more Economics Sound Clips and Finance Sound Clips

What a great line…and it doesn’t just have to be insider trading on Wall Street.

True, the movie shows the downside to greed, money and Wall Street; but, with every dark cloud a silver lining can be found. That’s why I wrote Barking With The Big Dogs.

Barking With The Big Dogs is about finance, in particular a mortgage. The realization is most people cannot afford to pay cash for a home and going to the bank or mortgage company happens for a huge percent of the population.

As a result of so-called greed, fat cats, foreclosures, selling risky loans, debt, etc., the bank and borrowing money are viewed negatively by many people (from what I’ve read and heard) – and probably correct to some degree in my opinion as well. However, having the valuable commodity of information can level the playing field for the borrower.

Therefore, you should only go to the bank for one reason…to make money…otherwise, you might just want to stay out.

Barking With The Big Dogs will show you the same strategies the banks and mega institutions use everyday – and now you can use those same strategies yourself. Get a copy today!