Ms Mortgage broker

After watching this video, you will understand why ads are usually just 30 second long. Go on, test your endurance, how much crap can you absorb without pressing the stop button.

This clip tries to explain why home buyers need a mortgage broker. The basic point is that taking a loan out is "real complicated". Yet if it is so complicated, then why people with lousy credit were able to get 100 percent interest only loans? Moreover, if mortgage brokers really were as effective as the clip suggests, then why did so many people end up with inappropriate mortgage products? Or to put it another way, why are foreclosure and delinquency rates rising?

Could it be because of Ms. Mortgage broker?

2 comments:

Anonymous said...

"Miss mortgage broker enjoys a moment of happy reflection knowing that she helped another family achieve a piece of the American dream, and the entire family went home, to live happily ever after-

with nothing left to worry about.."

Miss mortgage broker had them sign a bunch of paperwork for a loan that was just right for them and their budget. "Good bye for now" - until Bob and Sue have to start thinking about refinancing -

"but that's another story"

:)

Anonymous said...

Hay why dont they show Miss mortgage calling the appraiser, home inspector and title person with "Your Killing My Deal" "I need this or this or this"

Must be that part is on the edit floor!