Tag: interest rate

After living as renters for the first seven years of their marriage, Geoff and Kristi decided it was time to purchase their first house.

They chose to pass on making a purchase earlier in their lives for reasons ranging from unstable job security to high mortgage rates. Whether justified or not, Geoff and Kristi kept making excuses for not pulling the trigger on a new-home purchase. They had no idea of the opportunity they were missing to start building their personal wealth through home ownership.

"I rob banks for a living. I consider myself on a higher moral level than the crooks who run those banks." ~ Willie Sutton

Over the past decade or so, banking officials made a fascinating discovery. They found their customers to be an untapped source of bounty, with depositors willing to accept minuscule interest on their savings while tolerating the payment of fees and assessments limited only by the imagination of the bank hierarchy.