YouTube Solves Housing Crisis: Part 1. Home Owners (Third Take)
This is a remake of our first YouTube presentation and far more comprehensive. We show in Part I how we can reduce home owners monthly mortgage bill by 50% and cut the down payment for new buyers by 50% to 100%. We also reset these loans into 4 year commitments over today’s 30 year mortgage. These advantages will dramatically expand the scope of interested and qualified buyers for it is now cheaper to buy then to rent. This will also stagger the release of properties onto the market over a 4 year period rather than today’s wave of foreclosures. We have had to break up the presentation into 5 parts to keep within YouTubes time restraints. Hope you like what you have seen so far.
Duration : 0:6:6
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April 1st, 2010 at 10:33 pm
Another scam so you …
Another scam so you pay interest twice
Walk way if you want this is a lease not a loan and it should be illegal
How could you sell your house with a loan like this
People like this should be thrown in jail
with the other scumbags
April 1st, 2010 at 10:33 pm
Finally, a response …
Finally, a response. Your smart to catch this. Normally, this is the terms of an interest only loan but for one difference. The interest on the 2nd loan is paid off by the bank so it does not accumulate interest. You will have a 25% equity in the house after 4 years while an interest only loan would leave you owing the same amount of interest you just finished paying. Normally, you would be correct, but not with these interest write offson the 2nd loan. Sharp eye. Bravo.