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  • December 16, 2006 at 11:06 PM #8079
    PerryChase
    Participant

    With the Secure Advantage Loan, or course.

    Someone e-mailed me this funny ad from Quicken Loans. This how people are misled into thinking that can really afford that 800k house.

    Notice that the ad is from a “reputable” brand name company. Think about what the boiler-room brokers are selling to their clients.

    150k loan for $450/month so 800k loan is $2400/month. What a deal. Like the ad says, you’re “saving” money.

    Too funny!


    http://www.youtube.com/watch?v=uDpsYM1y8nc&eurl=

    December 17, 2006 at 12:32 AM #41921
    CardiffBaseball
    Participant

    The Quicken Loans guy Dan Gilbert, purchased my Cleveland Cavaliers around 2 years ago and the basketball arena is now known as “Quicken Loans Arena” or often just “The Q”.

    He promised to bring a bunch of jobs to Cleveland at one point but I have no idea how that worked out.

    December 17, 2006 at 5:08 PM #41948
    kev374
    Participant

    The sad thing is that there are some naive people who actually think that is a legit home loan like they are building equity and paying off the home in the normal way.

    December 17, 2006 at 6:33 PM #41951
    PerryChase
    Participant

    That’s also how homebuilders are able to advertize that buying their houses “cost” less than rent.

    I heard that Realtors use this line of selling to close deals all the time.

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