Friday, August 20, 2010

Time to Refinance.....

A few years ago my plan was to down size and sell my house, before the depression of course.
At least I have a roof over my head and have survived, so far, and my plans are now to refinance and stay a little longer.

“Refinance is a terrible thing for banks,” said Gerald Mulligan, chief executive of North Andover-based River Bank. “It’s giving us cash to reinvest and we don’t want that because there’s no place to put it.”

in reference to: Refinancing boom no blast for Mass. banks - Boston Business Journal (view on Google Sidewiki)
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2 comments:

  1. LindaAugust 20, 2010 at 8:55 AM

    Huh? He could use it to help pay back the loans that our government gave to the banks, or if that doesn't work, I can help with the dispersal of the funds.

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  2. lady diAugust 20, 2010 at 9:14 AM

    Hi Linda,
    Thanks for stopping by...Not all banks took money from the government and some were told to. Now if you talking about at Ms Maxine Waters husband's bank.........hmmmmmm

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