Over the Pesah festival, I met a guy I know. Two years ago this guy was trying to hit me up for free advice what to do about his mortgage. I gave him my best advice: use a professional. Here is the conversation, translated:The guy comes up to me all excited: “Guess what, I finally refinanced my mortgage!”.Me: So what mortgage did you get?Him: I got prime-0.6%Me: That’s horrible, why would you go for that type of mortgage?Him: What are you talking about? I spoke with all my friends and coworkers, this is the best loan.Me: If you would have listened to me 2 years ago, it was really appropriate then, now it is not.Him: I know it’s really good, because one of the...
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