Those big fees keep you in business when you have to take haircuts on the small ones.

@Thomas RutkowskiThanks but if I understand it correctly there is a 15% haircut in fees for IUL (5% in fees for whole life?)

It's amazing how many of them spend significant money on iphones, big TVs, cable TV/high speed internet, nail manicures and pricey haircuts, etc.Not all report their "real" income if they're earning side money.

@Isaac Rowe  good points.right now with the markets pretty much peaking in all markets.. anyone buying in any market today that has to sell in 1 to 2 years will probably take some sort of hair cut. 

You don't ask a barber if you need a hair cut right?  

Go with a 15 yr get the lower rate and the faster equity build, maybe have to take a small cashflow haircut today, but tomorrow you will be so happy you did it.Across my personal portfolio, I have a variety of loan types and terms, the goal has always been to build equity, and in some cases it has meant to leave equity on the table due to low appraisals, leave cash flow to the wayside in an effort to get a better rate and a quicker paydown - only one focus in mind, buy and build a portfolio that is larfeg enough to send the kids to college when it times, have a retirement filled with fishing and golfing.Maybe the real answer is that it doesnt matter what the rate is, as long as its not losing money and meeting your investment goals. 

The commercial part which I assume is downstairs has to be less than 49% of the square feet and lenders may give a huge haircut to the commercial rents to be able to do a residential qualified loan. 

Be likable, be professional in your demeanor, dress in a business like manner- business casual when you are in public (It will open more doors for you than if you dress like the other teens in mod fashion With mod haircuts).

We don't know what the Emergency Manager, Kevyn Orr, will do with regard to this plan or anything else, aside from the fact that the city's creditors and bondholders will be taking a huge haircut.

Thus far they have determined that a 50% haircut on debt is not a default, and JS is proposing that a 70% haircut on debt will also not be declared a default.