Seth Moulton Quotes

Because the fees associated with a reverse mortgage are high, such loans make sense only for borrowers who expect to live in their home for a number of years.

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.

Your mortgage shouldn't have been treated as a wager - it should be a way to provide a home and financial stability for you and your family.

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow.

Some people, they got housing loans, and I think they're responsible for taking a loan they didn't qualify for?

Anybody who has ever been in business, anybody who has ever paid bills, anybody who has ever lived in a serious adult life knows that indebtedness is a killer.

If you're going to live in the house make it your goal to just pay off your mortgage.

Especially if you're over 40, shortening the term of your loan to pay it off sooner could make you mortgage-free in retirement.

While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.

Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.

Creditors have better memories than debtors.

Once the housing market begins to recover, I would phase out the mortgage tax deduction.

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?

I think the millions of people who had been able to renegotiate their mortgages so they are paying lower interest rates are better off.

Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away.

Homeowners refinance their loans when interest rates go down. Businesses refinance their loans.

Under certain circumstances loans may be resorted to with great advantage.

There is a reason so many Americans choose to develop their net worth through homeownership: It is a proven wealth builder and savings compeller.

Do not enter into an agreement you cannot afford. Take precautions to avoid institutional loans with double-digit interest rates.

The federal government requires that its loans be paid back within 10 years of graduation, and Harvard has pegged its loans to the same 10-year timetable. Yet despite Harvard's low default rate, the idea of years of loan debt is daunting for some students even before it's time to pay back.

Financial Aid Office (FAO) administrators are scrambling to educate students on repaying loans, but a disparity in knowledge persists.

We want to help Canadians be able to get a home that they can afford.

Loans are a different experience for everyone, but the mentality you have to have is not to feel relaxed. You have to have a mindset that you're going to try harder and work harder than anyone.

An improving credit landscape means fewer loans are delinquent - and fewer people are needed to service these loans.