Posted by Joe Ewing on 12/4/06 1:07pm
Msg #163764

50 year loan

Wow... I presented a 50 year adjustable rate loan for signatures Friday.

Reply by Poppy on 12/4/06 1:08pm
Msg #163765

just curious Joe..When was it due? n/m

Reply by Joe Ewing on 12/4/06 1:09pm
Msg #163766

Re: just curious Joe..When was it due?

2056

Reply by Poppy on 12/4/06 1:12pm
Msg #163770

So no balloon payment... n/m

Reply by Joe Ewing on 12/4/06 1:13pm
Msg #163771

Re: So no balloon payment...

I didn't see that rider on the deed

Reply by Gary_CA on 12/4/06 1:13pm
Msg #163772

That's a little odd... n/m

Reply by Gary_CA on 12/4/06 1:14pm
Msg #163773

dang it, wrong button...

Most of those 50's are 50 due in 30 with a balloon about $1.99 less than the loan amount.

Reply by Poppy on 12/4/06 1:19pm
Msg #163777

Gary. Now that could really have used a few more words! n/m

Reply by Poppy on 12/4/06 1:16pm
Msg #163774

I was just curious. I've only seen two so far and

both were 50 due in 30...
I guess it's good if you need the lower payment...

Reply by Stamper_WI on 12/4/06 2:22pm
Msg #163784

Re: I was just curious. I've only seen two so far and

Makes me think of my favorite signing to date with and older woman (83). She was not given what she expected and was talking to her LO re ballon payment after 20 yrs. "where in the H%$& am I going to get $200,000 when I am 103 yrs old?"