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The Bumbling Millionaire

The Bumbling Millionaire

The Bumbling Millionaire
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December 07, 2024

Amortization 101 - #3 - The Greatest Trick Ever Pulled

December 07, 2024/ Colin Conway
Amortization 101 - #3 - The Greatest Trick Ever Pulled

The majority of my previous two posts have focused on home loans and how the game isn't in our favor while most of the population is tuned out. Guess what? It's the same in the commercial arena and no one notices it there either.

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December 07, 2024/ Colin Conway/ Comment
Money
Mortgage, Lending, Amortization, debt, budget
June 06, 2017

Amortization 101 - #2 - Your Friendly Neighborhood Bank Isn't So Friendly

June 06, 2017/ Colin Conway
Amortization 101 - #2 - Your Friendly Neighborhood Bank Isn't So Friendly

At the end of my last post, I asked the question:

If so much less interest is paid on a 15-year term versus a 30-year, why would the banks ever encourage you to take out that loan?

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June 06, 2017/ Colin Conway/ Comment
Money
Money, Amortization, Mortgage, Lending
June 04, 2017

Amortization 101 - #1 - Where Does Your Interest Lie?

June 04, 2017/ Colin Conway
Amortization 101 - #1 - Where Does Your Interest Lie?

We’ve currently experienced the longest run of low interest rates in history. It’s got many smart folks saying dumb things. A college educated friend of mine says the current rates equate to “cheap money.”

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June 04, 2017/ Colin Conway/ Comment
Money
Money, Mortgage, Amortization, Lending

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The Bumbling Millionaire

A blog focusing on growing wealth through commercial real estate investing and developing along with aggressive savings and personal responsibility.

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