Mortgage Blog

Stock market is crazy, and the refinance rate is also crazy.  But let me share with you my experience.

So first, the mortgage is only a very small percentage of debt in our portfolio. I understand that the rate 0.125% will mean $50 to $100 depends on the loan size, but it is not that big deal. Just take whatever the chance for the rates we can get, then move, either higher rate or lower rates.

Same for the stock market, we need to think long term. Everytime, when stock market crashes, I saw it as opportunity. It is an opportunity to get good quality stocks.

One friend told me a few years ago. You do not think which stock you will buy if the stock market is down. You will plan all the time, just IF the market crashes, which stocks I would pick up.

Here is my story, I did not have tech stocks in my portfolio. So I decided to get some since last year. So I liquidate one retirement account last year, and started purchasing stocks this year. And I got some today, QQQ and MA(today). I thought MA and V are tech companies.

And story from one of my clients: 1)He only invested in RE market, not stocks. The reason is that he said that he had too many company stocks, and the retirement account also has enough 2)Then he cashed out the money from the house again, for the next one. And he is waiting.