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CreekDog (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 01:54 PM Original message |
Should you keep your life savings in the same bank that holds your mortgage? |
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littlewolf (920 posts) Send PM | Profile | Ignore | Tue Dec-21-10 01:57 PM Response to Original message |
1. in most cases banks sell mortgages back and forth .. |
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DBoon (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:27 PM Response to Reply #1 |
5. yes, like we have a choice |
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demosincebirth (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:45 PM Response to Reply #1 |
23. Exactly like mine. Its sold so often I lost track who I send the payment to. |
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JVS (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:02 PM Response to Original message |
2. If The Dukes of Hazard has taught us anything, it's that the relationship between mortgage holder... |
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Gothmog (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:04 PM Response to Original message |
3. It is called the right of offset |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:43 PM Response to Reply #3 |
12. ^This. Even in non-recourse states, they can drain your bank accounts. |
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JackintheGreen (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:04 PM Response to Original message |
4. My "banking" bank bought my mortgage bank |
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ProgressiveProfessor (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:08 PM Response to Reply #4 |
16. Do your personal banking at a credit union |
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JackintheGreen (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:13 PM Response to Reply #16 |
18. I've been trying to get the wife on board for years |
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jwirr (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:32 PM Response to Original message |
6. Debt counseling because I am too broke to go bankrupt: get your |
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Hawkeye-X (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:01 PM Response to Reply #6 |
14. Same here, different direction |
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TBF (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:35 PM Response to Original message |
7. Well my grandpa wasn't an expert, but he was pretty sharp. |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:35 PM Response to Original message |
8. No. In fact, fuck no. Keep them in totally separate financial institutions. |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:36 PM Response to Original message |
9. You shouldn't have your life savings in a bank - period |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:39 PM Response to Reply #9 |
10. if your life savings amount to 3-6 months of living expenses |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:17 PM Response to Reply #10 |
20. Correct. You should have 3-6 months of living expenses in cash |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:21 PM Response to Reply #20 |
22. 3-6 months? It's hard enough to have 3-4 weeks on hand... |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 04:06 PM Response to Reply #22 |
24. it does seem like cruel advice |
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malaise (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:42 PM Response to Original message |
11. Keep your money in a credit union |
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Pavulon (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:03 PM Response to Reply #11 |
15. Agree. Watch the FDIC limits and place money in federally |
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Hassin Bin Sober (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 04:29 PM Response to Reply #11 |
26. Credit Unions are great but they are probably MORE likely to .... |
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Ilsa (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 02:55 PM Response to Original message |
13. I believe certain types of accounts like IRAs can't be used to offset debt, |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:09 PM Response to Original message |
17. Savings, what is savings? |
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Earth_First (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:17 PM Response to Reply #17 |
19. +1 |
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Vinca (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 03:19 PM Response to Reply #19 |
21. No, I mean the jar of pennies currently on your kitchen counter. |
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sarcasmo (1000+ posts) Send PM | Profile | Ignore | Wed Dec-22-10 11:30 AM Response to Reply #21 |
28. I get the feeling flush, like when you go to the coinstar :) . |
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CreekDog (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 04:08 PM Response to Reply #17 |
25. the small amount of money you'll have after you win the lottery and pay off your credit cards |
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Luciferous (1000+ posts) Send PM | Profile | Ignore | Tue Dec-21-10 04:33 PM Response to Original message |
27. We are in the process of doing that very thing. However, our loan |
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DU AdBot (1000+ posts) | Mon Sep 16th 2024, 01:58 PM Response to Original message |
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