Posted on 09/17/2009 2:21:46 PM PDT by fiscon1
In mortgages, there's a trick that mortgage professionals use to hide costs. It's called "rolling in the costs". It's pretty simple. Let's say you owe $115,000 and closing costs are $3000. So, a mortgage broker will simply make your loan $118,000. The $3000 in closing costs are "rolled into the loan". They don't go away. Borrowers just don't see them because there aren't any out of pocket expense associated with them. Instead, you just owe that much more on your mortgage. You'll get that much less when you sell and your payment is that much higher. You aren't winning. All that happens is that you don't see the true costs of your loan. The math is the same. It just looks different.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
The President has a math problem?
Yes, and the math problem he is most aware of is 11/2010.
Notice how unbelievably FAST this is happening?
It MUST happen fast. Before the next election. There will be happenings to take your breath away and sadden your heart.
Many in power, on both sides of the isle, will continue bowing to his will. They will continue to sell their honor.
Their power of a month ago has lessened. The PEOPLE are becoming aware. What to do? Time is short.
Create chaos.
They WANT racial unrest. They NEED it.
It is an absolute in the formula for America’s destruction.
Oh, I mean America’s ‘change’.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.