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Re: Another Liar
Old 08-08-2006, 07:48 PM   #21
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Join Date: May 2004
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Re: Another Liar

Originally Posted by Arif
Nope, but if interest rates get high enought that 5% mortgage may look better at 10% and the bank could call the loan due.
You might be right. But I'd guess that if rates go to 10%, there'll be so many defaults that the banks won't mess with any 5% loan that is being paid on time. Even if it is part of some kind of "wrap" deal and they know it. There'll be a lot of that craziness going on again, just as there was in the past.

Wade Cook--where are you with your "Real Estate Money Machine" blather??

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