JIM FRIDAS #1

MORE THAN JUST MONEY     article by:  James Thomas Fridas

Congress just passed the college loan act this several weeks ago and so now college students do not have to worry about interest going up, or something like that!   In the mean time home equity loans are as low as they have ever been and that is good for homeowners and mortgage rates are also staying on the low side as well.  

What this means is that students will pay 200 thousand 300 thousand 400 thousand dollars for and education which will make them debtors for life, why doesn't the Congress make colleges lower their fee's since we are in a down turn in the economy.  You see no matter what the colleges are greedy and show very little tolerance for morals they are deceitful and dishonest, raising costs are not needed it is for their over priced professors who make hundreds of thousands of dollars all compliments of the tax paying public and these people do not provide anything special to the students except usury and greed for their selfish selves.

As for home equity loan rates there are no real signs that show movement either way so home loan refinancing is not happening because the homeowner market share is down and the banks are struggling to loan money.  In the mean time they are trying to convince people that the market is improving, actually the banks have a ton of shadow inventory, that is what you do not see and that is going to cause a crash sooner or later.

Home equity rates should be tied to Insurance rates like whole life insurance, if you have this it is the best way to improve your credit rating, people do not understand this and should have learned this in high school.

There are things that insurance can do to help your financial situation more than just in case you die, there are five things that it can help.  First it can help with a loan guarantee when needed, second it can be a source of tax deduction as it has the only loan that can be deducted on income tax, third it has the best repayment at 4% in most cases and that is the part that is deductible, fourth it of course pays a persons death benefits, fifth it is a credit builder.So now my question to you is why haven't you built a portfolio of insurance for you and your family?

Of course the Socialists in Congress want no count lazy deadbeat, goldbrickers and panhandlers to have your money, unless you prefer to be one of the greedy needy