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Loan Modification

: Loan Modification & Home Loan News

Should we be looking at it more like a stock trader? Buy low and sell high

By Moe Bedard

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Most of us are guilty of it.   A mortgage is meant to be paid off eventually, right?  So why did the lenders invent interest only loans and negative amortization loans?  Clearly to take advantage of buy low and sell high.  Short term homeownership similar to the arbitrage that stock traders get rich off of.  Who [...]

Full post as published by Loan Modification & Home Loan News on January 13, 2010 (boomark / email).

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