Comments on: Dan The Mortgage Man – 1% Loans & NegAm

By: mortgagenewyork

mortgagenewyork — Fri, 28 May 2010 23:04:12 +0000

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

By: 2ndvariety

2ndvariety — Fri, 28 May 2010 23:04:12 +0000

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

By: khanzh

khanzh — Fri, 28 May 2010 23:04:11 +0000

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

By: seanmg

seanmg — Fri, 28 May 2010 23:04:11 +0000

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.

By: artistknownasbeavis

artistknownasbeavis — Fri, 28 May 2010 23:04:11 +0000

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.

By: artistknownasbeavis

artistknownasbeavis — Fri, 28 May 2010 23:04:11 +0000

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.

By: ApollosWorld1

ApollosWorld1 — Fri, 28 May 2010 23:04:10 +0000

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

By: george4title

george4title — Fri, 28 May 2010 23:04:10 +0000

Thanks
Thanks

By: mikeeor

mikeeor — Fri, 28 May 2010 23:04:10 +0000

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.

By: cjjorgensen

cjjorgensen — Fri, 28 May 2010 23:04:09 +0000

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.