With a mortgage you don’t even own the house until 30 years later after you make all the principal and interest payments which means you end up paying double the original purchase price. There must be a better way than being a prisoner of the bank?
I have a few questions here and thanks in advance. Can anyone please explain how do life insurance agencies (or financial advisory agencies) make their profit? Is that true that the life insurance companies are paying around 100% of total first year premium to the agents? How do the agencies split that with the agents? [...]
Why do they need to be bailed out? A little more than 65% of the American population have a credit score of less than 630 who were approved for different types of loans from financial institutions with a higher interest rate. With all the extra money they’ve received from these people/loans, why are so many [...]
Does anyone know how much profit did insurance companies make in 2007 and 2008? Or from where I can get this info. I need these stats for a project I am working on and would like to thank you in advance.