Jul 19, 2007 10:31
I heard a carnival barker-style bellowing ad on the car radio yesterday while listening to the all-news AM station. It was the usual mortgage broker appeal to refinance, this time with the added warning that rates were going up. The ad concluded:
"It's the biggest no-brainer in the history of Mankind!
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finance,
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you do the big research, you come away with the knowledge you don't have to fish around for your glasses in the morning. they got the hot gear. they got the answers, including that finance thing.
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God hated me.
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I was always a fan of the ads for Joint-Ritis, especially the ancient Appalachian lady who said something like "Since the joint rahtis my oth ritis has been so much less that I barely notice hit."
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30 year loan based on the LIBOR Index for "savvy financial people", we'll call it the Bill Handel loan...wait, for all of you that got screwed by rising interest rates, we now have the 10 year loan, "the last loan you ever need to buy", the payments are high, but you will own your home in 10 years!
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I listen to talk radio in the afternoon and that Biggest No Brainer ad is on every day. I don't know if it's the same where you are, but the ad always starts with Good Ole Mortgage Guy announcing the license number. For what I don't know. Plus: "We got plenty uh money. We don't need to hit you with closing costs." So there aren't ANY closing costs? I doubt it.
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