Jean Chatzky Quotes

Capital is kind of a banking concept.

God did not say that you should be able to borrow one hundred percent of the price of a house.

Buying a home is exciting, but it's also a big financial commitment.

Our Sheffield and London homes are worth well over a million but the bank owns most of them - we are mortgaged up to the gills.

The way we finance homes in this country is slow, filled with middlemen, who run a nonstandardized evaluation process. This makes financing a home cumbersome and difficult.

Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as high as you think.

Opt for a fixed-rate rather than an adjustable-rate mortgage.

Yes, Americans can still get credit for cars and trucks and refrigerators, and those businesses are doing well. But just try to get a home loan now.

The Federal Housing Administration has their leaflets there [The National Home Show] showing exactly how much it costs to build a house of this kind and what the monthly payments are. You pay twenty percent down and then pay the remainder over a period of twenty years, which should encourage home owning in this country on a much safer basis than has ever existed before for the average family.

I still think buying a home is the best investment any individual can make.

The only time I've ever taken out a loan is for the building work I had done at our house and I did that by extending the mortgage.

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?

Ignore the annual percentage rate when shopping for a mortgage.

A man needs credit. Especially when he has no money.

If you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.

People go into debt when they judge it beneficial to borrow money against their future earnings. Few can afford to buy a house outright, but many consider it worthwhile to take out a loan, which they will service and pay off over time, for the immediate privilege of living and investing in a house.

There is no class of people in the world, who have such good memories as creditors.

Generally, you want to raise capital either when you have to or when it's really easy. If the company desperately needs money, and they can't figure out any other way, then they need to raise money. Or if someone's offering you easy money on good terms, you should take it because you can use it for good things.

In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

Make this the year you tackle that credit card debt once and for all.

We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.

It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon.

You know it is not my interest to pay the principal, or my principal to pay the interest.

When you borrow money, you should always think how you're going to pay it back.