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11-05-2015, 04:47 PM #1
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Put in the right perspective, how much do you pay for over a 30 year mortgage? Easily 6x the actual mortgage, how about in Europe where a 50 year mortgage is common?
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11-05-2015, 04:51 PM #2
- Join Date
- Jul 2014
- Posts
- 1,746
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11-05-2015, 11:04 PM #3
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
Honestly the point is the client pays 6x principal and no principal is repaid in the first 5- 7 years. Yet it's legal. It is not so far fetched to make a comparison to our mafia based loans (but they don't break your legs if you don't pay).
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