[quote=flu][quote=harvey][quote=flu]I really don’t understand why you have an axe to grind with HLS. [/quote]
You’re the one turning it into drama.
I’m just poking fun at his ethics, and his fanboy’s inability to see past their rationalizations.
A simple rule of thumb to apply when asking if behavior is ethical: Ask yourself, if everybody did the same thing, what would happen?
What if every mortgage broker in SD were on this site peddling their services and disparaging anybody who questioned their gimmicks?
This site better is better than many others because it is not just a cheap marketing venue.[/quote]
What ethics issue? First it’s not your website. Second, if HLS was a problem he would have been banned a long time ago. I don’t get it. Find one thread that he started that solicited business. If he ever said “if you ever want to talk about mortgages, feel free to contact me”, it was because someone asked. What’s wrong with that? Certainly better than listening to the start of a floating advice here about how an option ARM these days is better than a fixed rate mortgage (not that it’s from you)
How’s that different than any of the former realtors that were here? Most things are by reference, and referrals. Just like any other service business on other blogs.
Apparently, you’re seeing something that most of us aren’t. I guess the world is flat.[/quote]flu, you’ve (arrogantly) managed to again twist my words to suit yourself. The purpose of my posts re: Option ARMS on this thread was to “educate” the ignorant (not that that was you, lol) in the difference between a Prime/Alt A Option Arm offered from ~1982 to ~2002 and the Subprime exotic no-income, no-asset (NINA) adjustable mortgage with regular interest rate resets, frequently I/O and with usurious up-front points and other usurious terms attached to it that we are all familiar with from the fog-a-mirror-get-a-loan, era. This type of (subprime) “Option ARM” (frequently not following any specific index closely) was primarily offered between 2004 thru 2007.
There IS a distinction between the two, vastly different, “Option ARMs,” (if one is intelligent enough to compare).
I fully realize that you may be too young to be familiar with the former, but it DID exist. And that is but just one choice (of many today) which has been taken away from prospective prime mortgage borrowers.
I never stated here that Option ARMs were “better” than fixed-rate mortgages. It depends on the borrower and their personal situation.
