A Quote by Suze Orman

Opt for a fixed-rate rather than an adjustable-rate mortgage. — © Suze Orman
Opt for a fixed-rate rather than an adjustable-rate mortgage.

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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
We book our exports forward for more than a year, and so we have a fixed rate. We do not get the spot rate that we see in the market every day.
Preserving the 30-year prepayable fixed-rate mortgage - it's like the bedrock of the housing system - is critical.
I knew I'd always be a second-rate academic, and I thought, 'Well, I'd rather be a second-rate novelist or even a third-rate one'.
The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
I knew Id always be a second-rate academic, and I thought, Well, Id rather be a second-rate novelist or even a third-rate one.
Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as high as you think.
If you go to a second-rate place, and you are first-rate, it is very difficult to do first-rate work because you do not get that critical feedback you need for first-rate work on a daily basis.
Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
As you know, you go to war with the army you have, not the army you might want or wish to have at a later time. Since the Iraq conflict began, the Army has been pressing ahead to produce the armor necessary at a rate that they believe - it's a greatly expanded rate from what existed previously, but a rate that they believe is the rate that is all that can be accomplished at this moment.
First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.
A first-rate soup is more creative than a second-rate painting.
First-rate science fiction was, and remains, more interesting than second-rate art.
There is more credit and satisfaction in being a first-rate truck driver than a tenth-rate executive.
Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
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