U.S. government bonds eked out some price gains Thursday with the yield on the benchmark 10-year Treasury note falling to near its 2017 low.
Traders said lower government bond yields in Germany dragged down U.S. yields. Treasury debt continues to offer more attractive yields than government bonds in many developed countries, which has played a big role in holding U.S. long-term government bond yields at very low levels.
❌WARNING: Controversial Opinion Ahead❌
I've read a few negative comments about "the broke" on IG recently and felt a need to share my opinion.
I was raised in a single family home. One of my earliest childhood memories is going to the grocery store to buy a gallon of water because our meter had been turned off. I remember watching my mom struggle to support her family on a close to minimum wage job. She resorted to payday loans to pay off simple bills like electricity and rent. She sold plasma, worked extra jobs, and cooked meals for us at home.
Flash forward. She is now married to a husband who is financially secure. She no longer stresses about making her money last to the next paycheck.
My mom is the reason why I disagree that success results from one thing only: Hard Work. If that was really so, my mom's immense sacrifice and tireless work would have led to a plentiful and rewarding life...
But it didn't.
I am believer in privilege.
I know that although I have worked extremely hard to be where I am today, that I wouldn't be here without the help of those around me. A few examples?
My grandparents help me pay for my degree. $1,000 every semester. It has helped me go through school without having to take out student loans.
My mother-in-law sold me my current car for $2,000 dollars less than it was worth. I was able to easily afford the car without it taking a large amount from my savings.
My parents paid for our wedding. We didn't spend a single penny. It helped us begin our marriage in BS3B with $20,000 already in our downpayment account.
My grandparents own an apartment complex in our city. They allow us to live there for $150 a month if we help shovel the snow in the winter. The minimum rent of an apartment in our area is $1,000.
I am NOT trying to downplay the role of work in building wealth and completing your debt free journey. What I am trying to do is encourage you to think of YOUR privileges before you throw judgment at those who lack.
Instead of tearing others down, let's build each other up! ❤️ I LOVE YOU ALL.
Location, Location, Location.
Our Buyers were strictly looking in the Queen Mary Park Area and we were able to make that happen.
Real Estate...Making families happy one home at a time.🏘✔ Whether you are looking to sell or purchase your next investment property we are only a phone call away!
Hоw to Avоіd Mortgage Pеnаltіеѕ
Many hоmе owners dо іnquіrе аbоut refinancing their mоrtgаgе іn Bаrrіе tо соnѕоlіdаtе dеbt, ѕераrаtіоn/dіvоrсе or a mаjоr home rеnоvаtіоn only tо fіnd оut that thеіr рrе-рауmеnt реnаltу іѕ оutrаgеоuѕ. In mоѕt саѕеѕ it рrеvеntѕ themselves frоm рrоgrеѕѕіng іntо a bеttеr fіnаnсіаl situation. It іѕ сrіtісаl tо read into thе fіnе print before signing the mortgage.
Onе оf thе bіggеѕt рrоblеmѕ іѕ thе hоmе оwnеr’ѕ belief thаt thеіr life wоn’t change muсh оvеr thе nеxt 5 уеаrѕ. Mоrtgаgе statistics ѕhоw thаt сlоѕе tо 50% оf mortgages wіll bе brоkеn bеfоrе mаturіtу, mеаnіng that реnаltіеѕ ѕhоuld bе a major concern fоr аnу nеw mortgage.
Hеrе are a fеw tірѕ tо аvоіd еxсеѕѕіvе рrе-рауmеnt реnаltіеѕ:
Bоrrоw frоm a mоnо-lіnе lеndеr
Thеrе іѕ a little knоwn fасt that most chartered bаnkѕ іn Cаnаdа use thеіr роѕtеd rates to calculate their рrерауmеnt penalties. For еxаmрlе, оnе of the bіg fіvе bаnkѕ is offering a 5 year fіxеd mortgage thrоugh thе brоkеr сhаnnеl аt 2.99% but thеіr сurrеnt posted rаtе is 4.79% for the same mоrtgаgе. If, bу chance, you had ѕіgnеd a 5 year mоrtgаgе wіth this bank аt 2.99% аnd 3 уеаrѕ lаtеr needed tо brеаk the mоrtgаgе (fоr whаtеvеr reason) уоu wоuld fасе thеіr new “posted” rаtе (сrеаtіng a lаrgеr gар bеtwееn thе twо rаtеѕ fоr іntеrеѕt саlсulаtіоnѕ). I rесеntlу ran a ѕсеnаrіо like this fоr a сlіеnt & fоund thаt thе bank penalty wоuld bе аррrоxіmаtеlу $7,000, whіlе a mоnо-lіnе lеndеr (а lеndеr thаt only dеаlѕ in mortgages) would оnlу сhаrgе $3,200. Thе difference іѕ duе tо thе fасt that the mono-line lender uѕеѕ their dіѕсоuntеd rate (2.99%) vѕ whаtеvеr the future “discounted” rаtе is, grеаtlу rеduсіng the аmоunt оf Interest Rаtе Dіffеrеntіаl (IRD) penalty.
READ THE FULL POS ON OUR BLOG!
#Thursdaythoughts this week I want to know your thoughts on Tract Homes and Custom Homes!
Comment down below which you prefer and why! C'mon followers, I wanna hear what YOU think!
DM me if you have any questions or would like to be featured on the page! Thank you, as always #beknowledgeable and #ownthemarket
Great read! How to increase your referral business, book written by the one and only @tamaradorris . If you want to increase your business referrals- get with me for a copy of this book! #mortgagegurl#homeloans#mortgage#realestate
Finally sorting out our #mortgage ! Just fixed part of our mortgage for 2years (again) dropping .61% pa that's a saving of roughly $1419.5 a year just in interest! 😱 Our minimum payments will drop by $45 a f/n, which we will put back onto the mortgage or other debt! 💪🏻 feeling #motivated !
Summer weather have you dreaming of a beachy escape? Check out this ocean front 3bed/3bath in Rockaway Beach for $449k. Great rental potential. Vintage vibe - the right furniture could make this a perfect escape! 🌊 ☀️ DM me if you'd like more info!
It was great to have 3-time Coolangatta Gold Champion & all round good guy Ali Day in the office again 👌🏽 We can feel his positive attitude resonate through the office when he stops by 😄😄 Great working with you Ali & Kel, and we look forward to sharing many more personal and financial milestones throughout your life! 🙌🏼🤝🤗 #clarity#success#freedom
As a certified mortgage planner, it's hard to see families so straddled with debt they are unable to achieve other financial goals. Partnering these families with financial advisors who can help device wealth building and debt reduction plans helps unqualified clients prepare my to become future buyers. My goal is to help my clients win today and for years to come!
Preparing for home ownership? Let's connect. Contact me for a Discovery Call/ Meeting today. Link in bio.
Thank you to everyone who came out to the caravan yesterday! A huge shoutout to Scott Chaplin - Guild Mortgage NMLS 488353 for being a great breakfast sponsor and to Philip Miles State Farm Insurance Agency for showing us some great tools his agency has to offer. Looking forward to the next caravan! 🚂 #JennBayEquity
How can this happen? 🤦🏽♀️
Well having a 700 credit score doesn't mean that you'll always get approved for things. There's this one little thing called Debt-To-Income Ratio. -------------------------------
Having a high debt-to-income ratio raises a red flag with lenders. This could mean to them that you would miss payments or have a lot of late payments. Making it extremely hard for you to get a mortgage loan or auto loan. -------------------------------
Do you know how to calculate your debt-to-income ratio? It's very easy to do. Take all of your monthly payments (credit cards and loans included) and add those together. Then divide that number by your monthly income. Next, take that total and multiply it by 1 and that will give you your debt-to-ratio percentage.
Sent via @planoly #planoly