Earnest

“The ARM, Adjustable Rate Mortgage, was invented in the early 1980s. Prior to that, those of us in the real estate business sold fixed-rate 7 or 8 percent mortgages. What happened? I was there in the middle of that disaster of an economy when fixed-rate mortgages went as high as 17 percent and the real estate world froze. Lenders paid out 12 percent on CDs but had money loaned out at 7 percent on hundreds of millions of dollars in mortgages. They were losing money, and lenders don’t like to lose money. So the Adjustable Rate Mortgage was born, in which your interest rate goes up when the prevailing market interest rates go up. The ARM was born to transfer the risk of higher interest rates to you, the consumer. In the last several years, home mortgage rates have been at a thirty-year low. It is not wise to get something that adjusts when you are at the bottom of rates! The mythsayers always seem to want to add risk to your home, the one place you should want to make sure has stability. Balloon mortgages are even worse. Balloons pop, and it is always strange to me that the popping sound is so startling. Why don’t we expect it? It is in the very nature of balloons to pop. Wise financial people always move away from risk, and the balloon mortgage creates risk nightmares.”
― Dave Ramsey, The Total Money Makeover: A Proven Plan for Financial Fitness

“My heart breaks for him; my heart hardens against him.”
― Victoria Aveyard, King's Cage

“Each time Olan Chapman comes to life, his anti-quarks remain on the far side of the Time Wall. After his life cycle ends, his quarks collapse back to these roots, and – presto – America's most wanted man is ready for his next adventure.”
― Kyle Keyes, Worm Holes

“(memory is) A strange echo, which stores its replicas according to some other acoustic than consciousness or expectation.
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― Julio Cortázar, Around the Day in Eighty Worlds