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11-05-2015, 04:51 PM #1Senior Member
Reputation points: 23718
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- Jul 2014
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Yeah John, a 30 YEAR mortgage. How can you even compare that to this situation here?
Originally Posted by John Galt
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11-05-2015, 11:04 PM #2Senior Member
Reputation points: 5023
- 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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