tardis  or tartis  financial


Recycles dryer sheets
Mar 9, 2004
how can this company offer to pay off a mortgage in 9 years without doubling or increasing payments.

this ad runs all the time on am talk radio.
Re: tardis  or tartis  financial

Well, I suppose with a Tardis, anything's possible. ;)
Re: tardis  or tartis  financial

? :confused:

no one else has heard this commercial ?

it has all kinds of testimonial and satisifed customer comments

but never says how they do it.

970 am (knew)

in nevada runs the ad all the time.
Re: tardis  or tartis  financial

I'll take a guess but it's only a guess. Perhaps they are talking about a monthly ARM that currently has a low rate (the monthly adjustable ARMs have the lowest rates). If you paid that at the same rate as your current 30 year fixed then you would pay it off in possibly 9 years (you would have to do the calculations to see). However, this assumes that rates will stay where they are - if the rates increase then the projected payoff times pushes out further into the future. You might still be ahead but not as much ahead. If rates rise significantly you might be worse off.

They might even be talking about mortgages with fixed payments but floating interest rates. These can involve negative amortization.
Re: tardis  or tartis  financial

thank you.
Re: tardis  or tartis  financial

Well, I suppose with a Tardis, anything's possible.  ;)

Not enough Dr Who fans here to catch the joke.
The Tardis is a time travel machine in the UK Dr Who series.
Re: tardis  or tartis  financial

i thought you meant tardy.

like late for something. :-/
Re: tardis  or tartis  financial

Tardis sounds to me like a good name for a Mongol
or Hun :). Anyway, I never heard the commercial
and I listen to talk radio all the time. Anyway, with
numbers the creative posibilities are pretty endless.
Otherwise, I have no theories.

Re: tardis  or tartis  financial

the commercials says.

this is simply a move in financial strategies

Hmmm, I thought about this a little more and you know even with a very low interest rate (heck even zero percent) you won't be able to pay off your mortgage in 9 years.  Let's try this with a $100K mortgage at 6% for 30 years - the payment is $599.55 per month.  If you paid that and were charged no interest how long would it take to payoff $100K?  That's just $100K / $599.55 = 166.79 months or 13.9 years.

To even have a hope of paying your mortgage off in 9 years without increasing your payments you're going to need to drop from somewhere around 10 or 11% down to 0%.  At 0% this company is not going to be making any money.  If they are charging a more standard ~5-6% then you would need to be dropping down from an approximately 14-16% mortgage.  If you've got anything above horrific credit you should be getting better than that.  It sounds like they might be offering "deals" for the financially wayward.
Re: tardis  or tartis  financial

click the link and listen to streaming radio

click the listen bar in the middle of the page

the commercial runs all the time.
I think a 15 year mortgage turns into a 9 year one if you make one or two extra principal only payents a year.

The marketing monster in me says that this is nothing more than a way to get inquisitive people to call them up and get engaged by a sales rep.
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