Saturday, October 22, 2016

Beware - A New "Mortgage Scheme"

We know that some people are desperate to buy a house, but don't have the down payment. Well, we
urge those people to wait or they may fall prey to the latest scheme.
  In the Baltimore Sun on Sunday, Oct. 16, we read about it and one of the mortgage companies that are doing it.
HOW IT WORKS: They provide the down payment in exchange for a "Stake" in the sale of the ENTIRE home price.
WHEN SELLING THE HOUSE: The lender gets the amount of downpayment they contributed plus 40% of the equity. This in addition to the 4% interest on the mortgage if the homebuyer elects to secure the loan through him.
WHY PEOPLE DO IT-  To live in 
Buyer Beware!!
WHAT HAPPENS AFTER YOU PAY OFF THE HOUSE - YOU STILL OWE! -Once you pay off the mortgage you'll still owe the Lender 40% of the value off the house to finally own in.
BOTTOM LINE-- If you can't afford the down payment, you shouldn't buy a house. 


Gift/Memorial Suggestions

Several of our friends have lost loved ones (human and pets) and we found that one of the best ways to honor their memory is to give to an animal charity.
What better way to recognize a life of love, than by giving another life a chance for love?
We donate to many animal rescues, but because we volunteer with
DC Weimaraner Rescue and Coast-to-Coast Dachshund Rescue, those are our 2 favorites.
Consider giving the chance of life to a dog or cat.

Great Books by our friends

Great Books by our friends
Check out these great books (yeah, Rob's are in there, too)

About us

We're two married guys who enjoy the simple things in life, especially our dogs. We volunteer for dog rescues, enjoy splitting dinners, exercising, blogging, helping friends and neighbors, ghost investigations, coffee and tea, Tudor history, weather, superheroes, comic books, mystery novels, traveling, 70s and 80s music, classic country, piano, gardening, writing books on ghosts and spirits, architecture, keeping a clean house, cooking simply, and keeping in shape. You'll find tidbits of all of these things on this blog and more.

Tom and Rob Thinking Hard!

Tom and Rob Thinking Hard!
Wondering what home project to do next

Podcast of Rob's 50 min. interview on Paranormal Filler Radio 7/13/14