Comments on: Introducing the 0.25% Mortgage Loan http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/ Learn, Network, Invest Sat, 11 Feb 2012 16:57:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David Krushinskyhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-76067 David Krushinsky Mon, 07 Dec 2009 22:02:43 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-76067 Wow... I remember reading this article when you initially put it out Josh. Way to call that one. Wow… I remember reading this article when you initially put it out Josh. Way to call that one.

]]> By: Jason M Foxhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-51429 Jason M Fox Tue, 02 Oct 2007 23:22:49 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-51429 Another GREAT product for the well informed and the DEVIL for a borrower that gets in over their head! Another GREAT product for the well informed and the DEVIL for a borrower that gets in over their head!

]]> By: Mortgagemanhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50523 Mortgageman Fri, 27 Jul 2007 15:35:45 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50523 ¿too good to be true? Interesting anyway,Thanks for the info ¿too good to be true? Interesting anyway,

Thanks for the info

]]> By: Loan Seekerhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50445 Loan Seeker Thu, 19 Jul 2007 22:33:21 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50445 What is the old adage? If a deal seems to good to be true... it probably is. We do not have this type of loan in the UK but we have had similar schemes that appear to be great on the surface, but can have a very nasty sting in the tail. What is the old adage? If a deal seems to good to be true… it probably is. We do not have this type of loan in the UK but we have had similar schemes that appear to be great on the surface, but can have a very nasty sting in the tail.

]]> By: Credit Consumer Counselinghttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50390 Credit Consumer Counseling Thu, 12 Jul 2007 12:40:52 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50390 Beware of scams. The general rule is to pay a shorter term to reduce interest you need to pay. Beware of scams. The general rule is to pay a shorter term to reduce interest you need to pay.

]]> By: Mortgages News » Blog Archive » Some Useful Resourceshttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50382 Mortgages News » Blog Archive » Some Useful Resources Wed, 11 Jul 2007 17:04:04 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50382 [...] There is some very good information about rates and market trends with regard to mortgageas at BiggerPockets. [...] [...] There is some very good information about rates and market trends with regard to mortgageas at BiggerPockets. [...]

]]> By: Ed Lathrophttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50350 Ed Lathrop Tue, 03 Jul 2007 21:04:39 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50350 Now is really not the time to go into A Negative Amortization Mortgage. Find out what the monthly payment would be after the Negam portion of the mortgage expires and make sure you can pay it. Negams are what foreclosures are made of. Now is really not the time to go into A Negative Amortization Mortgage. Find out what the monthly payment would be after the Negam portion of the mortgage expires and make sure you can pay it. Negams are what foreclosures are made of.

]]> By: JJ Martinhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50328 JJ Martin Fri, 29 Jun 2007 16:38:18 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50328 It never ceases to amaze me how everything is so much cheaper in the USA than it is in the UK. We have got used to all sorts of consumer products being around 50% cheaper across there but did not realise until reading this post that you guys have incredible deals on mortgages too! Wish I could move to America! It never ceases to amaze me how everything is so much cheaper in the USA than it is in the UK. We have got used to all sorts of consumer products being around 50% cheaper across there but did not realise until reading this post that you guys have incredible deals on mortgages too! Wish I could move to America!

]]> By: UK mortgage guyhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50041 UK mortgage guy Wed, 30 May 2007 16:59:05 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-50041 It never ceases to amaze me how everything is so much cheaper in the USA than it is in the UK. We have got used to all sorts of consumer products being around 50% cheaper across there but did not realise until reading this post that you guys have incredible deals on mortgages too! Wish I could move to America! It never ceases to amaze me how everything is so much cheaper in the USA than it is in the UK. We have got used to all sorts of consumer products being around 50% cheaper across there but did not realise until reading this post that you guys have incredible deals on mortgages too! Wish I could move to America!

]]> By: Erinhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-14988 Erin Thu, 07 Dec 2006 18:08:51 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-14988 Does anyone know if this is their own securitized product, or if there are investors buying it? If so, who? Does anyone know if this is their own securitized product, or if there are investors buying it? If so, who?

]]> By: Daniel Redmanhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-8007 Daniel Redman Fri, 13 Oct 2006 19:33:17 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-8007 Jim,You are exactly right. This loan could be dangerous for someone that isn't properly educated and doesn't intend to use this loan for cashflow investment purposes. The issue with the concern that you have raised is that it is very very difficult to qualify for the .25% loan. You must have immaculate credit and a further impressive LTV and DTI. So, simply in the model of this program, most of the wrong people wouldn't even qualify.As you've also said; this loan should not be sold by a company that doesn't have the infrastructure and know-how to use the cash savings that is created. We have 5 departments: Mortgage, Financial Services, Mexico, Commercial, Real Estate all with the same goal in mind. We show our customers how to use the additional cash flow to create a whirlwind of leverage, otherwise known as the Velocity of Money. The .25% loan is only one piece of the puzzle. Jim,

You are exactly right. This loan could be dangerous for someone that isn’t properly educated and doesn’t intend to use this loan for cashflow investment purposes. The issue with the concern that you have raised is that it is very very difficult to qualify for the .25% loan. You must have immaculate credit and a further impressive LTV and DTI. So, simply in the model of this program, most of the wrong people wouldn’t even qualify.

As you’ve also said; this loan should not be sold by a company that doesn’t have the infrastructure and know-how to use the cash savings that is created. We have 5 departments: Mortgage, Financial Services, Mexico, Commercial, Real Estate all with the same goal in mind. We show our customers how to use the additional cash flow to create a whirlwind of leverage, otherwise known as the Velocity of Money. The .25% loan is only one piece of the puzzle.

]]> By: Joshua Dorkinhttp://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-5333 Joshua Dorkin Tue, 12 Sep 2006 04:55:39 +0000 http://www.biggerpockets.com/renewsblog/2006/09/01/introducing-the-025-mortgage-loan/#comment-5333 I agree with your completely. Great analysis of the situation. I agree with your completely. Great analysis of the situation.

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