Home |
Search |
Today's Posts |
#1
Posted to misc.consumers.house
|
|||
|
|||
Why the absurd loan adds?
With all the recent news about mortgage loan problems and home values
expected to decline over the next year and a half or so, why are adds like the following still appearing: "Refinance at 5.7% Fixed! $300,000 mortgage under $799/mo. All credits OK. Get 4 FREE quotes! www.lendgo.com"? $799/mo pays little more than half the interest on a $300,000 loan at 5.7% let alone any payment on principal. What's the game here - some sucker thinking the home is going to appreciate at a rate greater than the interest rate so you can still sell after a few years and break even or buyers who don't look past the advertised terms to see what they're really getting?. |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Need a fast loan? | Home Ownership | |||
Home Loan for you all | Home Repair | |||
MORTGAGE RECRUITING, LOAN OFFICER, HOME LOAN, NEED MORTGAGE LEADS | Home Repair | |||
Theatre of the Absurd | Metalworking |