Mortgage Blog

I raed his book: "The lies about money" this
afternoon. The author Ric Delman is a financial advisor.
And here is some of his opinions about the investment:

1)Past performance(of mutual funds) means nothing.

2)Beat the market is useless. If S&P 500 lost
22% in 2002, if you beaten the market of losing
18%, then so what? You still lost money.

3)Investment is for long term. We need a strategy for that.

It's the same for the mortgage industry. And here
is my opinion:
1)History low rates does not mean anything.
There are too many factors affecting the interest
rates in the future.

2)We can get the lowerest rate of one day. But
we can not gurrantee to get the lowest rate. Nobody
knows whether tomorrow's rates are lower or higher.

3)Planning is better than a low rates. Lower monthly
mortgage payment is only a small portion of the
financial planning.