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Do you think the fact that he can pay off the loan many times over helps? I mean if I were a bank, 1% is better than no interest if he pays it off.
by will_work4tears 14y ago
Do you think the fact that he can pay off the loan many times over helps? I mean if I were a bank, 1% is better than no interest if he pays it off.
- briandear 14y agoAnyone can get that rate if they're doing adjustable rate mortgages. But ARMs are what contributed to the housing crisis -- they're not a smart loan if one is dependent on a paycheck. *by anyone I mean those with qualifying credit..