Dan The Mortgage Man – 1% Loans & NegAm | The UK Mortgage Shop

Dan The Mortgage Man – 1% Loans & NegAm

Mortgage Expert Dan ‘the mortgageman’ Foster explains the risks of Negative Amoritization Loans and why the 1% Interest Rate offers that fill your mailbox are not what they seem – BUYER BEWARE – Originally broadcast live on Good Day Sacramento

Duration : 0:6:22



Technorati Tags: , , , , , , , , , , , , , , , , ,

Posted in uk mortgage | 11 Comments »

11 Responses

  1. cjjorgensen Says:
    May 28th, 2010 at 6:04 pm

    I am a traveling …
    I am a traveling notary and I saw hundreds ot these. It is a crime for me to give my advice or opinions becuase I am not an attnory, so I had to keep my mouth shut. But what I was was people who got themselves maxed out in debt with big cars, and mall credit cards, then got a neg am loan to cover it. Pay cash and don’t live beyond your means, and you won’t need a neg am loan.

  2. MacPercuss777 Says:
    May 28th, 2010 at 6:04 pm

    Thanks for posting …
    Thanks for posting this. I learned something.

  3. ApollosWorld1 Says:
    May 28th, 2010 at 6:04 pm

    Hey Dan. Youd did …
    Hey Dan. Youd did good.
    I knew you from Great American Mortgage.
    I was your rep from MILA.

  4. george4title Says:
    May 28th, 2010 at 6:04 pm

    Thanks
    Thanks

  5. mikeeor Says:
    May 28th, 2010 at 6:04 pm

    Man are you way off …
    Man are you way off. I don’t believe any one particular loan is appropriate for everyone. Need to explain better what amortization is. What about time value of money, leverage cash flow. I agree, these loans are really bad for most. All the same, nice work.

  6. khanzh Says:
    May 28th, 2010 at 6:04 pm

    want dan the man to …
    want dan the man to get on youtube on a regular basis, we want more info!!!!!!!11

  7. seanmg Says:
    May 28th, 2010 at 6:04 pm

    I used to work at a …
    I used to work at a mtg co. and I never offered these types of options. Fastest way to owe more than your home is worth short of just getting a 110% LTV loan.

  8. artistknownasbeavis Says:
    May 28th, 2010 at 6:04 pm

    Yea but Dan didn’t …
    Yea but Dan didn’t tell you the rate is higher without a prepayment penalty. Some states have pre-pays and some don’t but if you can’t get the “A” loan then your rate might be higher WITHOUT a prepay.

  9. artistknownasbeavis Says:
    May 28th, 2010 at 6:04 pm

    It has a place for …
    It has a place for investors – some investors want the lower payment as they are going to sell in 1 year so it has a purpose in some instances.

  10. mortgagenewyork Says:
    May 28th, 2010 at 6:04 pm

    Excellent …
    Excellent explanation. Deal with real mortgage professionals, not scammers.

  11. 2ndvariety Says:
    May 28th, 2010 at 6:04 pm

    Great video, keep …
    Great video, keep it up man!

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.