You got me thinking, and I am bored...I phoned up a certified broker for their parent company, and he assured me the start rate was typed in the loan docs and did not float......So it its 7.5% today and I closed...it would NEVER go past 12.5% over the LIFE of the loan...I argued that this was a line of credit and I coulr write my own loans 10 years from now theoretically at a lower interest rate than the market if we saw a greater than 5% increse...He agreed...
Anyone heard of this?
- Thread starter traderdon56
- Start date
Well...yes me too...but capitalizing on your float is awesome...I am commission-paid in my job and its feast or famine...
I can literally get triple pay some months... and that would jump the amortization, while I was spending it...
I can literally get triple pay some months... and that would jump the amortization, while I was spending it...
I phoned that guy back and he said the annual fee was waived for the first year....then 30 bucks therafter...he said LTV was raised to 90% and you need a 660 credit score now instead of the earlier 680...Minimum loan size 100k...
Did you guys watch the video at the bottom of the website I posted? I haven't seen any comments on it, only on the one ES posted.
Here's the link to the video. Please spend a few minutes to watch it and comment, thanks.
http://www.xmission.com/~u1st/mma100.html
Here's the link to the video. Please spend a few minutes to watch it and comment, thanks.
http://www.xmission.com/~u1st/mma100.html
Without any disrespect...I can throw together an Excel spreadsheet for no cost...I watched the video
Just get the banking product and captalize on the float in forwards or reverse...
ALOC you must borrow first...the Home Accelerator can carry a positive balance...Both products capitalize on float...but I will not pay 3500 bucks for a spreadsheet that calculates amortization schedules...
Just get the banking product and captalize on the float in forwards or reverse...
ALOC you must borrow first...the Home Accelerator can carry a positive balance...Both products capitalize on float...but I will not pay 3500 bucks for a spreadsheet that calculates amortization schedules...
Good deal. Yeah, that's the same thing I said earlier, and it's the concept that is intriging to me, not the over priced software they're peddling.