i work in a building and one of the companies there is called “cumis insurance” im not kidding look it up… anyway i wanna make fun of them by using a big marker and take the “s” and put it in the place of “e” and take out the “c” and put in a “u”
now read it… what does it say lmao. who came up with that name for an insurance company anyway
I’m looking to invest in a 3 unit building which includes one 3bd/1ba, 2bd/2ba, 2bd/1ba, and a 2 unit building right next door with two 2 bedroom’s in it.
Does anyone have a ball park figure or idea what typical coverage will cost?
My family an I need a car but we can not afford to pay a big monthly payments. I am a stay home mom and we are living under my husbands income that is fair but not enough. My husband suggested that maybe it would be better to get a bank loan maybe it would be a less monthly payment. Pros and Cons please
Or a better Idea would be appreciated…
OK…..here’s a plan I could live with.
I’m against the $85,000,000,000.00 bailout of AIG and the like…
Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child.
So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend. Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife team has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting
back. And, of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of
trickling out a puny $1000.00 (‘vote buy’) economic incentive that is being
proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S
Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can ‘never work.’
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than do the geniuses at AIG or in Washington DC .
And remember, The Birk plan only really costs $59.5 Billion because $25.5
Billion is returned instantly in taxes to Uncle Sam.
Whoops, sorry replace $85B with $785B, the proposed bailout.
and give congress time to do surgery on the whole system?
This idea sounds just crazy enough to possibly work, so naturally it won’t be given serious consideration. How great is our bureaucracy!!
Hi,
I’m against the $85,000,000,000.00 bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend.
To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billion that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend.
Of course, it would NOT be tax free.
So let’s assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult U S Citizen 18+!
As for AIG – liquidate it.
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can “never work.”
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion
We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC
And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Kindest personal regards,
Birk
T. J . Birkenmeier, A Creative Guy & Citizen of the Republic
I received an email the other day with this rational. Of course it won’t work, but its still nice to think about it.
I’m against the $85,000,000, 000.00 bailout of AIG. (That’s 85 BILLION DOLLARS).
Instead, I’m in favor of giving $85,000,000, 000 to America in a “We Deserve It Dividend”. To make the math simple, let’s assume there are 200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up. So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a “We Deserve It Dividend”. Of course, it would NOT be tax-free.
So let’s assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000, 000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000 .00. What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads
Put away money for college – it’ll be there
Save in a bank – create money to loan to entrepreneurs.
Buy a new car – create jobs
Invest in the market – capital drives growth
Pay for your parent’s medical insurance – health care improves
Enable Deadbeat Dads to come clean – or else
Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1000.00 ( ‘vote buy’ ) economic incentive that is being proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, let’s bail out every adult US Citizen 18+!
As for AIG – liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t.
Sure it’s a crazy idea that can ‘never work.’
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion “We Deserve It Dividend” more than I do the geniuses at AIG or in Washington DC .
And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.
Ahhh…I feel so much better getting that off my chest.
Kindest personal regards,
A Creative Guy & Citizen of the Republic
I am not saying its perfect or that I made it up! I received it on an email and it is the way the average citizen feels…just an idea…dang!!
And Fatima…I do understand the bail out of the banking system…as much as the next person…as much as the politicians want us to understand. Geez, girl…obviously you take this answers stuff TOO seriously!
happen if the government passes a law that all home owners have a firearm? It would cut down on burglary and home invasion, would be their reason to do it. Arent we giving the government the right to do this if we let them force insurance on us?
My friend has good income, but bad credit on mortgage payment, so banks rejected!
My husband and I are looking into refinancing to consolidate our debts, it’ll pay our credit cards, car payment etc…the lower monthly payment sounds great but I’m afraid it’ll be more trouble than it’s worth. Does anyone have any tips, suggestions, questions we should make sure we know before we say yes?
Hello,
United Arab Emirates, do not buy the Rafale! I have a better idea: let Dassault make a crash, then take the control for a narrow-minded of couscous there! Do not make a ball!
Do not allo…
ive got a mortgage at the mo 4 120,000 the property is worth around 146,000 so ive contacted a mortgage adviser 2c about getting a second morgage, been offered around 220,000 (although a only want 2 borrow about 160,000) now both will b rented so need advise on mortgage types, i was sure i’d need a residential & a buy 2 let but have been told if the rent cover my mortgage i dont have 2 worry as many companys dont ask? so i can hav 2 residentials? i just need 2 make sure im not going 2 get myself in loadsa trouble doing this? & also is property buying still a great way 2 invest? – thanks!
You have probably heard that it is better to make your home loan payments as frequently as possible. How can we best understand this concept?
Let us look at the two different ways of making weekly or twice monthly payments (prêt hypothécaire).
-accelerated weekly payments
-minimum weekly payments
The most common method is the accelerated weekly payment. It is really the monthly payment divided by 4. But in reality, there is not 4 weeks in a month, but a little more. This method is called the accelerated payment method because is has 4 extra weekly payments over a whole year and this fact by itself increases the payment made against the capital of the home (prêt hypothécaire) loan during the year.
The other method is the minimum weekly payment. It is the minimum payment that you can make on your mortgage until the end of the amortization period, and the home loan is fully paid.
It is clear that the savings from these different two mortgage payment (hypotheque) methods is not alike. The minimum weekly payment only increases the frequency of the payments from 12 times a year to 52 times a year, and the accelerated weekly payment increases not just the frequency of payments, but also adds 4 additional payments.
Letâs look at the result of my studies on mortgage payments for these two cases.
The minimum weekly payment
Summary:
1. The minimum weekly payment method saves $1,294.12 on a $200,000 loan amortized over 25 years with an interest rate of 5.4%, in comparison with monthly payments Рhypoth̬que.
2. The higher the interest rate, the better the weekly payment will fare. If the rate is doubled, the savings will be 7.08 times more.
3. One receives 43% more savings with a weekly payment than with a payment every two weeks (14 days) and the rate of interest does not make a difference.
Why?
The explanation is simple, but difficult to describe. Since there is less time between each payment, one part of the capital is repaid a few days earlier, which more rapidly reduces the interest paid on the amount that is paid down. The savings is small for each payment but increases dramatically over time.
Conclusion: The more frequent the payments, the greater the savings, even if you do not increase the amount paid. If it is possible, make your payments each week, if not, pay your mortgage every two weeks Рpr̻t hypoth̩caire.
The accelerated weekly payment
An accelerated weekly payment will increase the payments on a mortgage by $23.25 per week on the $200,000 mortgage, amortized over 25 years at 5.4%.
In this case, the home will be paid for in 1,107 payments, or 21.3 years.
The total savings will total $28,173.78i (please refer to the calculations at the end of the article.)
However, you are better off not to make accelerated payments if you have a fixed or guaranteed investment that pays 7.52% per year before taxes.
It is important to choose the best payment method for your mortgage, but the most important thing of all is to choose the best mortgage strategy.
Notes : If someone buys a home for $200,000 (with a rate of 5.4%) and pays it once a month ($1,209.16 a month), he will have paid $362,749.83 after 25 years ($200,000 plus $162,749.83 in interest); on the other hand, with accelerated weekly payments ($302.29 per week), he will have paid $334,576.05 ($200,000 plus $134,576.05 interest) in 1,107 weeks our 21.3 years. This is a savings of $28,173.78 ($362,749.83-$334,576.05) to pay the same mortgage.