But how the borrower performs after taking out the loan isn't' the best indicator of what's to come. The peak for delinquencies and defaults comes between years three and five.
More Quotes from Greg McBride:
The prime rate moves in concert with the Fed's interest rate moves, ... The average rate for a home equity line of credit has increased from 4.7 percent in June 2004 to 5.9 percent as of last week.Greg McBride
Conspicuous in their absence from the Best Deals are the largest institutions, with large branch and ATM networks and extensive regional footprints. Not so among the 20 Worst Deals, ... Better-than-average yields and low minimum balance requirements on accounts offered by smaller local or regional thrifts are common trademarks of those making the Best Deals list.
Greg McBride
One thing is evident looking at the different bank fees and rates. They maximize revenue and minimize risk, and that's what the institutions are geared toward, that's what they're in business for, like it or not.
Greg McBride
Banks have embraced consumer banking and really want to attract that business. They're starting to realize there's a fine line between generating fee income and alienating customers.
Greg McBride
Keep that line of credit open for at least the first few years, otherwise you may face a penalty or have to pay closing costs that the lender originally paid when you took out the loan.
Greg McBride
Fee income is the great stabilizer of bank earnings, particularly in unfavorable interest rate environments such as the one we're currently experiencing.
Greg McBride
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Albert Bushnell Hart
I believe that if one always looked at the skies, one would end up with wings.
Gustave Flaubert
Well, American composers are the best composers. At this time in the world, we are where the energy is. We are the most diverse, the most iconoclastic, the most maverick, and the most skillful.
David Del Tredici