HLS
Annuities, Car Leases, Neg Am Loans. These types of finanical instraments are not for the average person and I beleive that you are correct in your statement that they are more often than not good for the lending institiution as opposed to the customer. But at the same time if the average Joe started doing some thinking as opposed to asking “what is my monthly payment or what is my rate” and started to ask educated questions than a lot of these poor decisions could have been avoided.
I would like to get you opinion on the CHAFA and ChDAP Loan programs for First time home buyers. For thsoe that qualify it seems like these are good option to start with.
