Posts Tagged ‘ask a banker’

Ask an Ex-Banker: Mortgages Part II - Should I Pay My Mortgage Early?

Ask an Ex-Banker: Mortgages Part II – Should I Pay My Mortgage Early?

By The Banker | Ask an Ex-Banker, Blog Posts, Personal Finance

Dear Banker, Most months we manage to cover our costs and have a little extra left over.  Sometimes I send the bank an extra $500 or $1,000 toward paying down our mortgage balance, which has another 21 years to go.  Once I sent close to $5,000.  Does this make sense?  – Manny T., Chicago, IL [&hellip

Ask an Ex-Banker: Home Loans and Home Equity Lines of Credit

Ask an Ex-Banker: Home Loans and Home Equity Lines of Credit

By The Banker | Ask an Ex-Banker, Blog Posts, Personal Finance

Q. Dear Banker, My wife and I are planning an addition to our house. We need the additional space, but I do not want this project to stretch our overall budget. Since I have a specific idea of how much I want to pay, a rise in interest rates would cause us to make different [&hellip

Ask An Ex-Banker: Is the Finance Game Rigged Against Outsiders?

Ask An Ex-Banker: Is the Finance Game Rigged Against Outsiders?

By The Banker | Ask an Ex-Banker, Blog Posts

Q: A question for debate: We all seem to get mad that the financial-industrial complex is repeatedly rigged for the Big Boys.  I’d suggest to you that the public should just give up on the wall street-banker/big bank/mutual fund industry as having any possibility of being fair to you or me.  Thus, it makes no [&hellip