Replies

Only an greedy idiot would fall for an interest-only loan. It is the grossest scam finance companies have come up with yet.

It's like going to a realtor and saying f*** me please.

6 posted on 08/17/2005 5:18:12 AM PDT by WillMalven (It don't matter where you are when "the bomb" goes off, as long as you can say "What was that?")

"only a greedy idiot"
Well not if you have the money to pay it off anytime you want.

"Only an greedy idiot would fall for an interest-only loan. It is the grossest scam finance companies have come up with yet. It's like going to a realtor and saying f*** me please."

I guess I'm one of those greedy idiots.

I get interest only loans with 10% down for foreclosure auctions and then flip the properties for a decent profit. I'm close to the point of quitting my job for a while to take it on full time since I'm making WAY MORE in real estate than I do at my 90k/year job.

Now if you'll excuse me, this idiot is getting ready to hit another auction at the courthouse this afternoon. Have fun at work.