by Marsha S.
Member since:
February 13, 2007

July 31 Investing For the Future (Christian)

July 31, 2008 09:43 AM EDT (Updated: July 31, 2008 09:45 AM EDT)
views: 40 | rating: 9.2/10 (11 votes) | comments: 14
"Everything is permissible for me"--but not everything is beneficial.   1 Corinthians 6:12


Primary dangers with home equity loans:

1. People use them to buy indulgences they don't need.

2. Most loans have a sizable origination fee and an annual maintenance fee.

3. Often the interest rate is variable and can increase monthly.

4.  The loan is often a demand note.


Taken from the Investing For the Future calendar by Larry Burkett.
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Comments: 14

Janet Somewhere Up On The Mount Jul 31, 2008, 9:46am EDT
Good Advice Marsha,
Thanks
~*~ tinksmagic ~*~ ~ Jul 31, 2008, 9:46am EDT
Good to know. I just would like to refinance!
Anne W. Jul 31, 2008, 9:46am EDT
Thank you for posting to Point Whore! Wishing everyone many, many points!
.* Sandi * Jul 31, 2008, 9:49am EDT
1 Corinthians 6:12 - thinking more about this - what does this mean to you?
Glome . . . Jul 31, 2008, 10:20am EDT
Home loans ... we've just watched the foolishness of people indulging themselves in get rich quick schemes over home mortgages that we now have to bail out!
Thanks.
Elaine S. Jul 31, 2008, 10:47am EDT
Thanks Marsha
Chelsea R. Jul 31, 2008, 2:21pm EDT
thanks for the tips!
Rae M. Jul 31, 2008, 2:58pm EDT
These are important things to know before you take one out. Thank you for sharing.
Amanda C. Jul 31, 2008, 3:45pm EDT
Good to know, that's scary stuff!
Elmo A. Jul 31, 2008, 5:52pm EDT
You are spot on. Did you see that 10,000 people received mortgage broker credentials that had criminal records. One got a job the day he left prison.

As to 1 Cor 6:12 I don't know. Does it just mean you have "free will?" Probably something more than that but I don't know what.
Connie C. Jul 31, 2008, 10:17pm EDT
Marsha,
Just wanted to let you know that you are being spotlighted in the Friday edition of Today On Gather. I will be posting it shortly. Congratulations!
Sammie B. Aug 2, 2008, 1:16pm EDT
Thanks for sharing.
Rebecca [Future Teacher] Aug 2, 2008, 1:22pm EDT
Thanks for sharing

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