Adjustable Mortgages after 1970 by Jim C. Williams
Living in a high tech world today
· Everyone seems to get caught up in this fast pace high tech world today. Yes, even Grandma and Grandpa with there update to the new digital converter box for there television. After seeing the problems going on with adjustable mortgages and looking at the lending practices for the last 36 years I have came to the understanding that many Americans need help with there money. Dave Ramsey is out there doing a good job helping people dig out of there financial woes and trying to keep them from Foreclosure etc, which is good and only tells me there is plenty need for this advice.
· Some schools are now running a small bank and teaching the kids how to manage accounts for checking and deposits. I believe there should be more training on loans and the explanation of practices by financial institutions in the US. Just look at our market today,
Do you know that if you borrow from a small loan company that your credit score will be lowered on the average by 50 points? You say well I always pay on time, why is this. Normally these folks will loan you money on anything since there return on investment usually is about 29 to 36 APR. When you call us for advice, we will find out your details and stop you from making mistakes like this. We want you to improve your credit, not destroy it for several years.
Our Goals are simple, we look at your existing loan or about to be new loan, before you make a commitment and give you the best advice possible.
Generally we should be able to answer e-mails quickly or be able to look at faxes of contracts. We do not loan money but would be willing to refer you to good lending sources.
We know there was no such thing as and adjustable mortgage before 1970. People borrowed money on simple interest primarily from banks for mortgages and auto/boat loans. As you can see it took 38 years before our country hit the bottom, due to the bad lending practices on mortgages. Our goal is to see that these types of lending practices are abolished. We need Congress to work on moving back to simple interest and making precomputed and add-on interest illegal. We can all help by not using these small loan companies and credit card companies.
You can help. Email us today at sales@advice-loans.net
November 24,2008