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Banks tighter than a duck’s ass

September 28, 2008 The Economy

So, unless you’re dead, you’ve been reading about the stock market crash and the death of AIG; the explosion of WaMu (Washington Mutual) and Congresses’ $700 billion bailout. The real issue right now isn’t what happened; it’s what can’t happen going forward. All this has caused the entire finance industry to pucker tighter than ducks [...]

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Do you know what your line of credit costs?

September 2, 2008 Financing

Most people have two phases to their real estate investing. First, they’ve got a little cash for downpayments. Maybe it came from selling their last principle residence, an inheritance, or a buyout or retirement. Either way, cash is the first and most obvious way to go. Phase two is borrowed money for downpayments and such. [...]

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