bernankeAs reported in the WSJ Ben Bernanke just refinanced his home, a more humble abode than you would think for someone in his position. Here is the link to WSJ article: “Bernanke Joins Bargains Hunters Who Refinance”.

His home appraised for $839,000 and he opted for the traditional 30 year fixed mortgage. It was disclosed what interest rate he got, but it sounds like he applied for and got his loan just like anyone else, but supplying proof of income, employment and asset information.

In today’s day and age with the excess of Wall Street and government, it is quite refreshing to see that the man in charge of our nation’s federal reserve goes to the bank and applies for a mortgage just like the rest of us, and then goes home to his 3 bedroom, 2100 sq. foot town home.  When asked in September if he had seen a recent HBO movie about it, he said he hadn’t: “I saw the original.”

 

Beau Hodson

Beau Hodson

About the Author Since 2003, Beau has been a mortgage professional and is a leading mortgage broker and lender in San Diego. As Founder and Senior Mortgage Advisor at Transparent Mortgage, he is truly committed to serving the needs of his clients and raising industry standards for integrity and transparency.