Refinance Quotes & Sayings

Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power. — George Soros

If your appraisal comes back too low - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and sold to Fannie Mae and Freddie Mac. That means you may have to pay a much higher rate. — Jean Chatzky

This was my world: a world of truly irrational behavior. We spend our way into the poorhouse. We buy giant TVs and iPads. Our children wear nice clothes thanks to high-interest credit cards and payday loans. We purchase homes we don't need, refinance them for more spending money, and declare bankruptcy, often leaving them full of garbage in our wake. Thrift is inimical to our being. We spend to pretend that we're upper class. And when the dust clears - when bankruptcy hits or a family member bails us out of our stupidity - there's nothing left over. Nothing for the kids' college tuition, no investment to grow our wealth, no rainy-day fund if someone loses her job. We know we shouldn't spend like this. Sometimes we beat ourselves up over it, but we do it anyway. — J.D. Vance

Homeowners refinance their loans when interest rates go down. Businesses refinance their loans. — Elizabeth Warren

[Young people] can't do much with [student debt] other than try to figure out how to pay it down. They can't take jobs they want. They can't get the credit they would like to start a business. So we're going to refinance it, we're going move people into income-contingent repayment plans, we're going to have a date certain when their obligations end, and I'm not going to let the government harass kids. — Hillary Clinton

Borrowers were told not to worry about paying the ever-mounting debt, because house prices would keep rising and they could refinance, taking out some of the capital gains to buy a car or pay for a vacation. — Joseph E. Stiglitz

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. — Franklin Raines

Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren't a portfolio lender, don't give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What — Mark Ferguson

The decline in home equity makes it more difficult for struggling homeowners to refinance and reduces the financial incentive of stressed borrowers to remain in their homes. — Ben Bernanke

Tentane Mutual's policy was not to consider any loan modification unless the borrower was delinquent in their payments. I told Mr. Marsh at the time that it may be easier for him to qualify for a loan modification than a refinance, because the qualification criteria was relaxed. But it was his decision." "But you didn't tell Mr. Marsh at that time that falling — Kenneth Eade

But Mr. Bernstein, didn't you tell Mr. Marsh about six months earlier that, in order to qualify for a loan modification, he had to be delinquent in his loan payments?" "That's for a modification, not a refinance, and that — Kenneth Eade

And you told Mr. Marsh at that time that a refinance was impossible, did you not?" "I did." Every teacher of cross-examination points out that you never ask a question that you do not know the answer to, and you never ask the question "why" because that gives the witness the opportunity to answer in a narrative, but Brent wanted the jury to hear the answer to the next question in Bernstein's own words, so he took the calculated risk. "Why was it impossible?" "Because Mr. Marsh was delinquent in his loan payments." "But Mr. Bernstein, didn't you tell Mr. Marsh about six months earlier that, in order to qualify for a loan modification, he had to be delinquent in his loan payments?" "That's for a modification, not a refinance, and that was Tentane's policy ... " "Object — Kenneth Eade

Mint's business model became, 'We'll go for free, and then we'll find these savings opportunities for you.' You know, better interest rate on your credit cards, when should you consolidate your student loans, when does it mathematically make sense to refinance your mortgage, and Mint figures all that stuff out for you. — Aaron Patzer

I looked at the woman crying over the doll and felt something else. I was sick of people acting against their own interests. Mooing about how to refinance the slaughterhouse. Putting skylights in the killing pen and pretending the bolt in the brain was a pathway to a better field. I paid my bill. Save your fucking pennies for a gun and a history book, I thought. — Vanessa Veselka

Skating, I think I was told once, is the second most expensive sport. My family's had to refinance three times - they really want to do anything that it takes for my dreams to come true. I hope to one day have a family that I can do that for and kind of give back in the same way that my family gave to me. — Jeremy Abbott

Freedom is not a couch. It's not a television, or a car, or a house. It's not an item you can possess. You cannot put freedom on layaway; you cannot refinance freedom. Freedom is something you need to fight for, not once, but every single day. The nature of freedom is that it is fluid; like water in a leaking bucket, the tendency is for it to drain away. Left untended, the holes through which freedom escapes widen. When politicians restrict our rights in order to "protect us," freedom is lost. When the military refuses to disclose basic facts, freedom is lost. Worst of all, when fear becomes a part of our lives, we willingly surrender freedom for a promise of safety, as if freedom weren't the very basis of safety. — Marcus Sakey