[Deal Hunter]

Sorry if this was answered in your second link – I couldn’t open it. Who is the lender? It was probably one of those hot shot loan originators that immediately sold the loan to the derivative markets. As long as the derivative markets were buying up the loans, the originators had every incentive to approve these loans.

I don’t think it was a matter of stupdity, but greed. It doesn’t matter if the market was tanking, as long as there was a buyer for the loan on the other end.

[Deal Hunter]

Sorry if this was answered in your second link – I couldn’t open it. Who is the lender? It was probably one of those hot shot loan originators that immediately sold the loan to the derivative markets. As long as the derivative markets were buying up the loans, the originators had every incentive to approve these loans.

I don’t think it was a matter of stupdity, but greed. It doesn’t matter if the market was tanking, as long as there was a buyer for the loan on the other end.

[Deal Hunter]

Sorry if this was answered in your second link – I couldn’t open it. Who is the lender? It was probably one of those hot shot loan originators that immediately sold the loan to the derivative markets. As long as the derivative markets were buying up the loans, the originators had every incentive to approve these loans.

I don’t think it was a matter of stupdity, but greed. It doesn’t matter if the market was tanking, as long as there was a buyer for the loan on the other end.

[Deal Hunter]

Sorry if this was answered in your second link – I couldn’t open it. Who is the lender? It was probably one of those hot shot loan originators that immediately sold the loan to the derivative markets. As long as the derivative markets were buying up the loans, the originators had every incentive to approve these loans.

I don’t think it was a matter of stupdity, but greed. It doesn’t matter if the market was tanking, as long as there was a buyer for the loan on the other end.

[Deal Hunter]

Sorry if this was answered in your second link – I couldn’t open it. Who is the lender? It was probably one of those hot shot loan originators that immediately sold the loan to the derivative markets. As long as the derivative markets were buying up the loans, the originators had every incentive to approve these loans.

I don’t think it was a matter of stupdity, but greed. It doesn’t matter if the market was tanking, as long as there was a buyer for the loan on the other end.

[Deal Hunter]

Your money will be safest in FDIC insured CDs, but it won’t hedge inflation, so even the best rate of 6% after inflation will yeild your 150K a nice Negative 11%.

Try crunching your tax numbers if you run a scenario where you pay down your mortgage with the 150K instead. Sum up your mortage interest for the year and divide by 3200. The result is the number of additional dependents you can claim on your W4 that will allow you to net more from each paycheck.

Then take the extra paycheck funds to hedge real inflation in your real life like making an accelerated payment of your mortgage or buying a hybrid or paying off revolving accounts.

[Deal Hunter]

Your money will be safest in FDIC insured CDs, but it won’t hedge inflation, so even the best rate of 6% after inflation will yeild your 150K a nice Negative 11%.

Try crunching your tax numbers if you run a scenario where you pay down your mortgage with the 150K instead. Sum up your mortage interest for the year and divide by 3200. The result is the number of additional dependents you can claim on your W4 that will allow you to net more from each paycheck.

Then take the extra paycheck funds to hedge real inflation in your real life like making an accelerated payment of your mortgage or buying a hybrid or paying off revolving accounts.

[Deal Hunter]

Your money will be safest in FDIC insured CDs, but it won’t hedge inflation, so even the best rate of 6% after inflation will yeild your 150K a nice Negative 11%.

Try crunching your tax numbers if you run a scenario where you pay down your mortgage with the 150K instead. Sum up your mortage interest for the year and divide by 3200. The result is the number of additional dependents you can claim on your W4 that will allow you to net more from each paycheck.

Then take the extra paycheck funds to hedge real inflation in your real life like making an accelerated payment of your mortgage or buying a hybrid or paying off revolving accounts.

[Deal Hunter]

Your money will be safest in FDIC insured CDs, but it won’t hedge inflation, so even the best rate of 6% after inflation will yeild your 150K a nice Negative 11%.

Try crunching your tax numbers if you run a scenario where you pay down your mortgage with the 150K instead. Sum up your mortage interest for the year and divide by 3200. The result is the number of additional dependents you can claim on your W4 that will allow you to net more from each paycheck.

Then take the extra paycheck funds to hedge real inflation in your real life like making an accelerated payment of your mortgage or buying a hybrid or paying off revolving accounts.

[Deal Hunter]

Your money will be safest in FDIC insured CDs, but it won’t hedge inflation, so even the best rate of 6% after inflation will yeild your 150K a nice Negative 11%.

Try crunching your tax numbers if you run a scenario where you pay down your mortgage with the 150K instead. Sum up your mortage interest for the year and divide by 3200. The result is the number of additional dependents you can claim on your W4 that will allow you to net more from each paycheck.

Then take the extra paycheck funds to hedge real inflation in your real life like making an accelerated payment of your mortgage or buying a hybrid or paying off revolving accounts.

[Deal Hunter]

You should NEVER NEVER NEVER convert your traditional, fixed P&I or even an ARM First Trust Deed, that is NON-RECOURSE into a HELOC. HELOCs are RECOURSE loans that can be easily transmuted by the lender into revolving type unsecured notes that may never go away even after you have refinanced or sold the property.

This has been around for 10 years and many unsuspecting homeowners that are foreclosing or trying to short sell are not able to wipe out these loans because they are not closed traditional first mortgages. The HELOC lender will approve a short sale or deed in lieu but still pursue the homeowner for the full balance of the unpaid obligation for up to 25 years!

[Deal Hunter]

You should NEVER NEVER NEVER convert your traditional, fixed P&I or even an ARM First Trust Deed, that is NON-RECOURSE into a HELOC. HELOCs are RECOURSE loans that can be easily transmuted by the lender into revolving type unsecured notes that may never go away even after you have refinanced or sold the property.

This has been around for 10 years and many unsuspecting homeowners that are foreclosing or trying to short sell are not able to wipe out these loans because they are not closed traditional first mortgages. The HELOC lender will approve a short sale or deed in lieu but still pursue the homeowner for the full balance of the unpaid obligation for up to 25 years!

[Deal Hunter]

You should NEVER NEVER NEVER convert your traditional, fixed P&I or even an ARM First Trust Deed, that is NON-RECOURSE into a HELOC. HELOCs are RECOURSE loans that can be easily transmuted by the lender into revolving type unsecured notes that may never go away even after you have refinanced or sold the property.

This has been around for 10 years and many unsuspecting homeowners that are foreclosing or trying to short sell are not able to wipe out these loans because they are not closed traditional first mortgages. The HELOC lender will approve a short sale or deed in lieu but still pursue the homeowner for the full balance of the unpaid obligation for up to 25 years!

[Deal Hunter]

You should NEVER NEVER NEVER convert your traditional, fixed P&I or even an ARM First Trust Deed, that is NON-RECOURSE into a HELOC. HELOCs are RECOURSE loans that can be easily transmuted by the lender into revolving type unsecured notes that may never go away even after you have refinanced or sold the property.

This has been around for 10 years and many unsuspecting homeowners that are foreclosing or trying to short sell are not able to wipe out these loans because they are not closed traditional first mortgages. The HELOC lender will approve a short sale or deed in lieu but still pursue the homeowner for the full balance of the unpaid obligation for up to 25 years!

[Deal Hunter]

You should NEVER NEVER NEVER convert your traditional, fixed P&I or even an ARM First Trust Deed, that is NON-RECOURSE into a HELOC. HELOCs are RECOURSE loans that can be easily transmuted by the lender into revolving type unsecured notes that may never go away even after you have refinanced or sold the property.

This has been around for 10 years and many unsuspecting homeowners that are foreclosing or trying to short sell are not able to wipe out these loans because they are not closed traditional first mortgages. The HELOC lender will approve a short sale or deed in lieu but still pursue the homeowner for the full balance of the unpaid obligation for up to 25 years!

[Author]

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