please help?
by Mortgage Rates on Thursday, October 14th, 2010 | 2 Comments
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What is all this shit about?
1. Put your savings into a high interest account @12% APY as I did and get extra income.
2. Find clients for an overseas investment company. They will pay you high comission (1%) for each person referred.
1% from $10,000 is $100 and you could find hundreds of clients each month. Lot’s of people will be glad to get 12% APY.
You owe me a drink.
Contact me for more details.
Good luck!
I hate to rain on any ones parade but ,there is no way the income, to debt ratio is anywhere close.. The debt will bury this couple.. I doubt seriously if they will even qualify.. And that is a blessing, because their combined salaries wont support the expenses.. Plus, a variable rate loan is another downfall for this couple.. Only consider a FIXED rate loan in whatever you borrow unless, you plan to leave the loan in a few years..Wherever they are now ,I would suggest staying put, and continue to grow their money..Also that interest rate in itself is another deal breaker..Its high to begin with.. And with a 20% downpayment, that’s a pitiful deal.. I’ve done real estate,and I would never even consider whats offered here, and I would RUN not walk from this deal.. Sorry to be so negative, but this scenario is surely a recipe for disaster!! Solomon