Question: > If you hold out a dollar for people to take, >>> We’re talking about loans, not gifts. >> It aint that black and white when the interest rate is derisory. > I really doubt that any lenders were openly mocking their customers with an offer of a loan.
Answer: Plenty are vulnerable to spivs and con men that tell them that they will be able to refinance at the same derisory interest rates when the interest rate is about to go thru the roof when the spivs and con men are only interested in securitizing the loans so they can get stinking rich on the commissions and dont have to worry about what happens if the market tanks and the suckers get stuck with the original loan and cant refinance it before the interest rate goes thru the roof.
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