Sunday, October 19, 2008

Big Brain Answers

Question from R. F. Kingman, AZ
Dear Mr Big Brain: Should I refinance my home mortgage? I put zero down with an adjustable rate on a house I couldn't really afford.
Answer: The BIG BRAIN thinks you should hold off on refinancing your mortgage at this time. The BIG BRAIN believes if you wait long enough, the government will probably buy your home for a premium and give you a monthly allowance just to stay put. Ignorance pays in some situations. Live long and prosper.