PITI the Fool - Home Mortgages

Home Mortgages - Got No Love

I piti the fool, thug or chump who tries to take out home mortgages then goes crying to his momma! Or his banker, or his lender, or his consumer advocacy group. Man, you'd better be grateful from the opportunities home mortgages provide to any old sucka - without 'em we'd all be swimming around in a world full of financial PAIN!

Home mortgages will change your life

When i was growing up I ate three meals a day - oatmeal, miss-a-meal, and no meal. That ain't enough food for a growin' boy, let alone a man who be lugging around a Brazilian mine! But I got smart, I fond me some home mortgages and you'd better believe I started living life the right way:

home owners have over 20 times more in overall assets than the average renter
home mortgages allow you to own your home while you buy it, and as you pay off the loan you can qualify for second mortgages off your equity to further enhance your financial strength
with a home loan you are making an investmnet while living in a home that is all your own - why waste all that money in rent payments when for similar mortgage payments you can get all that money back?

Because you a lazy chump and you dint know any better, and you a fool if you think your life will be better without home mortgages - or are you?

When it takes a fool to take out a loan

There are some times when home mortgages aren't a safe bet for your and your financial security. Picture this - you take out a loan to purchase a great home that might cost a little more than you can afford. No big deal, adjustable rate mortgages are adept at creating flexible answers to boost your loan amount. So you get that home, you keep up with your monthly payments and you prepare for the eventual increase in rates - than BLAM! Your home's value plummets through the floor and you are left with a huge debt you cannot get out of. Falling home prices are the absolute enemy of the mortgage industry, and all signs point to a collapse. Today's high home appreciation values may just be a bubble, and someone who buys a home today runs the risk of falling prices and a loss on your investment tomorrow.