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I’m familiar with the suburb that Mr. Meru lives in. Moving 20 minutes in any direction would free up substantial capital for him to pay his debts on a 225K sal

by awat 8y ago

I’m familiar with the suburb that Mr. Meru lives in. Moving 20 minutes in any direction would free up substantial capital for him to pay his debts on a 225K salary (particularly because real estate is red hot in Utah at the moment probably also equity to be had on his 750k+ house).

onowahoo 8y ago
Why should he pay it back? He wanted leverage, they are giving him leverage. He wants to take a flier on a home that could appreciate significantly. That's the risk when you make a loan.