I have met too many people who are looking for work, worrying about their mortgage, uncertain about their health insurance, and doubting that things will get any better anytime soon. Not just concerned about the present, many of us are doubting the future.
Once the housing market begins to recover, I would phase out the mortgage tax deduction.
What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
More than a quarter of mortgage borrowers are underwater, and 11 percent of all homes are vacant.
Once you get the kids raised and the mortgage paid off and accomplish what you wanted to do in life, there's a great feeling of: 'Hey, I'm free as a bird.'
You wake up one day and you realize that all these years have gone by and I have this mortgage and I have this couch and I have this life and... is this going to be my prison?
If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.
Foreclosure is to no one's benefit. I've heard estimates that mortgage investors lose 40 to 50 percent on their investment if it goes into foreclosure.
I was going to become a youth worker because I do voluntary work with the kids in the little village where I live. I make little films with them and stuff when I'm not working. I thought, I'll pack it in then, and go and do something I love doing, and get a regular job because I've got two kids and a mortgage.
Mint's business model became, 'We'll go for free, and then we'll find these savings opportunities for you.' You know, better interest rate on your credit cards, when should you consolidate your student loans, when does it mathematically make sense to refinance your mortgage, and Mint figures all that stuff out for you.
I don't have a mortgage, I don't have a wife and I don't have kids, so I'm quite happy bumbling along.
I always gravitate towards the independent side of things, just because those are the stories I always fall in love with, but you don't really get paid, and living in Los Angeles is expensive, and I have a mortgage to pay. So it's good to jump onto a studio film and then in all my other time do small passion projects.
Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.
Worm or beetle - drought or tempest - on a farmer's land may fall, Each is loaded full o' ruin, but a mortgage beats 'em all.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
The vast majority of the American people are hard-working taxpayers who take responsibility for their families, go to work every day, they pay their mortgage on time, they volunteer in their community.
I think it is only natural that people have anxiety about the economy because the economy is real. It is their job, their ability to service their mortgage and look after their family. And in the final analysis, nothing is more important than your capacity as a breadwinner or an earner to provide for those that rely on you.
I keep threatening to write a non-fantasy book, and they keep offering me the kind of money I can't refuse to write a fantasy. That's a good thing. I have to pay my mortgage, and I have to pay for my Chargers season tickets.
I love the stage, but it doesn't pay the mortgage.
My motivation is paying the mortgage. No joke. Honestly. I still suffer with nerves and think, 'Why am I putting myself through this torture?' It's not actually the love of winning - it's that building of a partnership with a horse. Just riding horses every day keeps me going. And that threat of losing the mortgage.
I'm for the Wall Street Occupiers. But will they accept me when they find out I sell packaged mortgage default instruments to children?
A reverse mortgage is available to anyone who is at least 62 years old and owns a home outright, or has a small mortgage balance remaining.
In acting, every day is different, and I guess it appeals to my storytelling imagination. But I've been very fortunate to get the chance to do what I want to do and earn a living from it to pay the mortgage.
In the subprime mortgage industry, bankers handed out iffy loans like candy at a parade because such loans meant revenue and, hence, bonuses for executives in the here-and-now.
I just try not to think too much about how I'm perceived. I think as long as I'm still selling tickets and can pay my mortgage, then people are probably thinking good enough things or whatever about me to keep the train moving.
Sometimes I really need the money, really need to go straight to work. But if I had the absolute choice - money no object, my mortgage paid off - I'd really just work once or twice a year - but wouldn't everybody! - or at least do a different job sometimes.
If you're struggling to make your mortgage payment, and you've got three kids between the ages of 12 and 18, and you and your spouse works, and someone says, 'Oh, by the way, the world's ending,' it's like, 'Please. You don't need to tell me that.'
Every radish I ever pulled up seemed to have a mortgage attached to it.
Nine of 10 whites in Chicago borrow from top-drawer banks and mortgage companies, which the industry calls prime lenders. They lend to people with A credit ratings, making loans at competitive rates.
I'm wildly unskilled at what I do. Part of me thinks: 'Why do I think I can pull this off?' but the part of me that has to pay the mortgage thinks: 'Just get on with it!' I'll just keep going until someone discovers I'm no good.
Cash from a reverse mortgage can be paid out in several ways, including a lump sum, a monthly payment, a line of credit, or a combination of those. If you do not need money right away, it is usually a bad idea to take all the money upfront, since it starts accumulating interest charges immediately.
When I go back to theater, I feel good about myself. When I do films or TV, it's to make a little bread to pay my mortgage or whatever, and when I've made the money, I do theater again. And when I get a part I like, a part I can work on, that satisfies me. I feed good about myself.
What is a permanent loan but a mortgage upon the wealth and industry of the country? It is the only form of indebtedness, as experience has shown, by which heavy and durable encumbrance can be laid upon the community.
It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like stocks or deferred annuities.
A movie star is someone who has to open a film to gazillions of dollars. I'm just trying to pay my mortgage.