All About Mortgages: A Public Service Announcement

March 25, 2008 • Quotidian • 0 • Previous | Next

No, your eyes are not deceiving you but do feel free to have another swig of coffee. Miss Mussel’s current ghostwriting project is drawing to a close and she is looking forward to the day when she can offload all the subprime-related information that is currently occupying valuable cerebral real estate.

It seems a shame to hog it all for herself. Here’s the highlight reel:

1) Your house is not an ATM Don’t treat it as such. Ever. Not even just this once.
2) If it sounds too good to be true, it is. Run away and don’t look back unless you want to turn into a pillar of salt and/or lose lots of money.
3) Adjustable rate mortgages are nicht so gut unless you really know what you’re doing and have an excellent broker.
4) Diversify your investments. Ask this guy why that is a good idea.

*end announcement*

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