Elvin Lewis's (mountolympusgods) Blog

One cannot begin to understand how money is created and how it works without a good understanding of the banking system, and the special role of the central bank.  This TRUE-FALSE quiz of 20 questions will test your understanding. Drag the mouse pointer over the bracket to see the answer. 1. The ...

A bank's capital, also known as equity, is the margin by which creditors are covered if the bank's assets were liquidated.  A measure of a bank's financial health is its capital/asset ratio, which is required to be above a prescribed minimum. Assets and Liabilities When a bank creates a deposit ...

The current crisis has many different faces. From the homeowner looking to secure the American Dream, The Realtor assisting in the home acquisition, the Mortgage Broker working with the client, and the Lender, it seemed like a win/win situation for all.   Then the bottom dropped out. Values crash...

Americans are confronted with what appears to be the worse economic situation since the Great Depression. What will history say about the U.S. credit crisis turned global financial crisis? At every turn investors are faced with new problems, new crises, and less than desirable solutions which in...

  3375 Commerce Parkway Miramar, Fl 33025 Direct:  (954) 874-3302 Fax (954) 450-4112 Owner Mariano Demarin MDemarin@Mountolympusmortgage.com Purchase Specialist Elvin Lewis  Elewis@mountolympusmortgage.com   GUARANTEED 5 DAY CLOSINGS!!*   Welcome to the Mount Olympus Experience In today's trouble...