Why yes, yes it is.
Jul. 19th, 2007 10:31 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
substituteI heard a carnival barker-style bellowing ad on the car radio yesterday while listening to the all-news AM station. It was the usual mortgage broker appeal to refinance, this time with the added warning that rates were going up. The ad concluded:
"It's the biggest no-brainer in the history of Mankind!
"It's the biggest no-brainer in the history of Mankind!
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Re: Dr Moussa
Date: 2007-07-19 08:31 pm (UTC)30 year loan based on the LIBOR Index for "savvy financial people", we'll call it the Bill Handel loan...wait, for all of you that got screwed by rising interest rates, we now have the 10 year loan, "the last loan you ever need to buy", the payments are high, but you will own your home in 10 years!
Re: Dr Moussa
Date: 2007-07-20 05:15 pm (UTC)I listen to talk radio in the afternoon and that Biggest No Brainer ad is on every day. I don't know if it's the same where you are, but the ad always starts with Good Ole Mortgage Guy announcing the license number. For what I don't know. Plus: "We got plenty uh money. We don't need to hit you with closing costs." So there aren't ANY closing costs? I doubt it.