Answers (58)
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
If you are thinking I am mean, I appologize if I come across so.
Nothing personal meant at all, I am usually the first one to reach out for a handshake offering my friendship.
I just have zero tolerance for the bastardization of names
and sub-zero tolerance for greed, and those who serve it.
Nothing personal meant at all, I am usually the first one to reach out for a handshake offering my friendship.
I just have zero tolerance for the bastardization of names
and sub-zero tolerance for greed, and those who serve it.
- Phyllis McArthur, "Phyllis Ann McArthur"
- Contributions:987
You all are acting pretty mean, what's up guys?
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
I don't see anyone named "Randy" but it appears you are trying to address me? If so, be advised,
I know well the spew on "loan products" and you can package them any way you like, they have become odsceneties upon customers perpetuated by the pure greed of sanctioned lenders.
Like so many, you have bought into them, but have no real perception from where these practices come or where they will take us, but one would think you would have figured out by now where they have brought us, which should bring you to your senses.
Rest assured, there is no confusion here.
I know well the spew on "loan products" and you can package them any way you like, they have become odsceneties upon customers perpetuated by the pure greed of sanctioned lenders.
Like so many, you have bought into them, but have no real perception from where these practices come or where they will take us, but one would think you would have figured out by now where they have brought us, which should bring you to your senses.
Rest assured, there is no confusion here.
- Sam DeBord, "SeattleHome.com"
- Contributions:3471
Never mind...I can't leave. You're confusing loan products, Randy.
Interest Only loans don't consume equity, they merely keep the loan balance flat. If the real estate market goes up or down, equity is gained or lost by the owner. The bank has the same loan balance as long as the loan is interest-only.
Neg-Am or Pay-Option loans can cause an owner to lose equity in some cases. The bank does not gain equity, though, just a larger loan balance. It's not the same thing. The home's value could be going down, the home owner is losing equity, but the bank is just receiving a larger lien on a less-valuable asset.
Interest Only loans don't consume equity, they merely keep the loan balance flat. If the real estate market goes up or down, equity is gained or lost by the owner. The bank has the same loan balance as long as the loan is interest-only.
Neg-Am or Pay-Option loans can cause an owner to lose equity in some cases. The bank does not gain equity, though, just a larger loan balance. It's not the same thing. The home's value could be going down, the home owner is losing equity, but the bank is just receiving a larger lien on a less-valuable asset.
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
There might have been a short time in the runaway maret that appreciation could out run an interest only loan, but it was a fluke and short lived.
Interest only loans are CONSUMPTION of YOUR EQUITY by the lender
When equity that should be ours becomes the banks...WE LOOSE..
Interest only loans are CONSUMPTION of YOUR EQUITY by the lender
When equity that should be ours becomes the banks...WE LOOSE..
- Sam DeBord, "SeattleHome.com"
- Contributions:3471
The "security device" is the mortgage or deed of trust. It "secures" the lien/Note to the property.
You are correct, it provides no "security" for the owner, or the lender these days for that matter. Short sales and foreclosures make some Notes worthless.
I'll hereby retire from this post - the flames are a bit high for me.
You are correct, it provides no "security" for the owner, or the lender these days for that matter. Short sales and foreclosures make some Notes worthless.
I'll hereby retire from this post - the flames are a bit high for me.
Put down the bad weed Randy. This is not trulia.
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
Is there no end to the nameless faceless cowards who launch venemous personal attacks, spewing hatred, exposing their mysery, and crying to be valid?
Perhaps a good Mental Health chat room would help?
I thought Zillow was a place for people to find real estate experts and professionals, my mistake?
If this post angers you, get help before hatred consumes you.
This is an "Interested only in you, loan of advice" !
Perhaps a good Mental Health chat room would help?
I thought Zillow was a place for people to find real estate experts and professionals, my mistake?
If this post angers you, get help before hatred consumes you.
This is an "Interested only in you, loan of advice" !
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
How inconcievably profound, is mans stupidity,
when seeking after prosperity, he forsakes his liquidity?
RLS
when seeking after prosperity, he forsakes his liquidity?
RLS
- Pasadenan
- Contributions:26328
Self rightiousness? I didn't see any discussion of rightiousness nor anyone claiming to be rightious.
I only saw a discussion of what source people should get their advice from for various subjects, such as when to execute all the males in the local community, or what interest rates to charge, or what to do with your realestate, or what type of loan one should apply for, or when a Realtor should just give up and seek a different profession.
Obviously the original poster didn't care about the subject as he has not been back. Perhaps just another anonomous "alias" for a regularly posting realtor to generate pointless conversation? At a views to post ratio of about 9, it really is doing poorly at generating readership.
I only saw a discussion of what source people should get their advice from for various subjects, such as when to execute all the males in the local community, or what interest rates to charge, or what to do with your realestate, or what type of loan one should apply for, or when a Realtor should just give up and seek a different profession.
Obviously the original poster didn't care about the subject as he has not been back. Perhaps just another anonomous "alias" for a regularly posting realtor to generate pointless conversation? At a views to post ratio of about 9, it really is doing poorly at generating readership.
- Pasadenan
- Contributions:26328
Security Device? It's just a "loan"! Nothing fancy.
A security device is something like an extra long deadbolt lock with reinforcement on the shaft and strike plate, or an alarm system, or a security camera, or a motion sensor, or a magnetic door adjar sensor...
Part of the reason the lending industry is in so much financial trouble is they mislabeled and misrepresented their products and services. And it appears that the realtors helped them out.
Where is the "security" in any "loan"? I thought the only "security" to the lender was the collateral that backed the loan?
Or are you talking about bundling the loans and selling them on the "securities exchange" market?
So, since Randolf looks to the "wisest man that ever lived" for his adviced, when will Raldolf realize his life work is nothing but vanity as that "wisest man" tells him? And does he also take the advice of the "actions" of that "wisest man" in regard to women? I can only think of one more extreme historical person in that regard; the Mongolian, I believe his name was Gingas Kaun? Some DNA researchers claim he was father to hundreds of thousands of children.
A security device is something like an extra long deadbolt lock with reinforcement on the shaft and strike plate, or an alarm system, or a security camera, or a motion sensor, or a magnetic door adjar sensor...
Part of the reason the lending industry is in so much financial trouble is they mislabeled and misrepresented their products and services. And it appears that the realtors helped them out.
Where is the "security" in any "loan"? I thought the only "security" to the lender was the collateral that backed the loan?
Or are you talking about bundling the loans and selling them on the "securities exchange" market?
So, since Randolf looks to the "wisest man that ever lived" for his adviced, when will Raldolf realize his life work is nothing but vanity as that "wisest man" tells him? And does he also take the advice of the "actions" of that "wisest man" in regard to women? I can only think of one more extreme historical person in that regard; the Mongolian, I believe his name was Gingas Kaun? Some DNA researchers claim he was father to hundreds of thousands of children.
- Sam DeBord, "SeattleHome.com"
- Contributions:3471
The self-righteousness is getting heavy on this post. Everyone take a deep breath.
Interest Only loans make sense for certain people who understand the investment and the terms of the security device. For those who don't, principal and interest makes more sense.
Interest Only loans make sense for certain people who understand the investment and the terms of the security device. For those who don't, principal and interest makes more sense.
Sir Randolph:
What a narrow prespective for such an erudite Christian man!
"Interest only loans are a sad testomony to lenders runaway greed being so great, they seek to devour their own customers in the end....
What manner of mischief is this?"
Is not greed a universal sin?, and is not also a sin to point to the guilt of another? Where is your compassion for the weak?
"first to cast stones" or some such: [fill in biblical quote here].
I prefer to quote my favorite prophet, W.C. Fields:
"You can't cheat an honest man."
You are a phony-baloney Christian and you know it.
What a narrow prespective for such an erudite Christian man!
"Interest only loans are a sad testomony to lenders runaway greed being so great, they seek to devour their own customers in the end....
What manner of mischief is this?"
Is not greed a universal sin?, and is not also a sin to point to the guilt of another? Where is your compassion for the weak?
"first to cast stones" or some such: [fill in biblical quote here].
I prefer to quote my favorite prophet, W.C. Fields:
"You can't cheat an honest man."
You are a phony-baloney Christian and you know it.
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
Interest only loans are a sad testomony to lenders runaway greed being so great, they seek to devour their own customers in the end....
What manner of mischief is this?
What manner of mischief is this?
- Jeremy Patterson, "jeremy755"
- Contributions:28
This doesn't seem to be a question. I am not a fan of interest only loans myself.
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
Interesting, isn't it.
- Pasadenan
- Contributions:26328
And if we are going to answer the original poster's question from the bible:
"You shall not charge interest on loans to another Israelite" - Deuteronomy 23.19.
SO, an "interest only" loan at 0% interest sounds REALLY good; after 50 years you can either just pay the original principal, OR you can just give back the property; in the meantime you could live there for free.
But Jesus seemed to think that interest equivalent to the inflation rate (what the bank pays out) is reasonable. (Lk 19.23).
"You shall not charge interest on loans to another Israelite" - Deuteronomy 23.19.
SO, an "interest only" loan at 0% interest sounds REALLY good; after 50 years you can either just pay the original principal, OR you can just give back the property; in the meantime you could live there for free.
But Jesus seemed to think that interest equivalent to the inflation rate (what the bank pays out) is reasonable. (Lk 19.23).
- Pasadenan
- Contributions:26328
As for "real estate", from the "wisest man that ever lived"...
"...all was vanity, a chasing after the wind, there was nothing to be gained under the sun." ec 2.11
And he should know; he built many of those real estate projects. He didn't just try to make a profit re-selling what someone else built!
"...all was vanity, a chasing after the wind, there was nothing to be gained under the sun." ec 2.11
And he should know; he built many of those real estate projects. He didn't just try to make a profit re-selling what someone else built!
- Pasadenan
- Contributions:26328
"There are several places..."
6 to be specific; twice in first Samuel, 3 times in first Kings, once in second Kings. The expression specifically refers to all the males in the area, (a euphemism) and was used to indicate that the males would be executed but the women would not.
But be careful regarding copyright issues. There are still several more recent english translations that are still protected by copyright. As always, you can quote your sources, but you can't blatently copy long sections without permision of the copyright holder. Even an electronic copy on your computer with out a license for use is a violation.
6 to be specific; twice in first Samuel, 3 times in first Kings, once in second Kings. The expression specifically refers to all the males in the area, (a euphemism) and was used to indicate that the males would be executed but the women would not.
But be careful regarding copyright issues. There are still several more recent english translations that are still protected by copyright. As always, you can quote your sources, but you can't blatently copy long sections without permision of the copyright holder. Even an electronic copy on your computer with out a license for use is a violation.
- Pasadenan
- Contributions:26328
Though Solomon was a good architect who designed and built more than one of the "seven wonders of the world", anyone that had intimate relationships with 1000 women concurently (700 wives, 300 concubines) certainly does not seem "wise" in that area. It was the foreign deities of these women that was Solomon's downfall. Besides, most of those proverbs were from Solomon's mom - Bathsheba, the woman that David stole from another man, and then had that man executed in battle.
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
sunnyview, thank you for the consideration, RLS is good. If you don't mind, I will still type out Sunnyview for you.
nvchaz,
By all means, The Holy Bible is public domain, Ref: Proverbs 26:19.
There are several places where man is referred to as:
"Him that pisseth against the wall."
You might like those too.
Now, let's get back to Real Estate.
nvchaz,
By all means, The Holy Bible is public domain, Ref: Proverbs 26:19.
There are several places where man is referred to as:
"Him that pisseth against the wall."
You might like those too.
Now, let's get back to Real Estate.
"As a dog returneth to his vomit, so a fool returneth to his folly"
Hey, that's a good one. Can I use it?
Hey, that's a good one. Can I use it?
- sunnyview
- Contributions:26916
I certainly meant no disrespect, but Mr. Smith seemed to be too formal and Randy too familiar. I guess I was stuck in the middle. So tell me, do I need to type your full name or can I cheat and address you with something a little shorter maybe RLS?
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
To the profane spirit presenting as nvchaz,
Let me share a Proverb with you from the wisest man who ever lived. This has helped me in my life, perhaps it will help you in yours:
Proverbs 26:11,
"As a dog returneth to his vomit, so a fool returneth to his folly"
We hear your torment, you can snap out of it now,
you have no enemies here.
Let me share a Proverb with you from the wisest man who ever lived. This has helped me in my life, perhaps it will help you in yours:
Proverbs 26:11,
"As a dog returneth to his vomit, so a fool returneth to his folly"
We hear your torment, you can snap out of it now,
you have no enemies here.
[inappropriate post, removed by moderator]
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
I don't know who Mr. Randy is but It appears you are trying to address me, if so, thank you for wishing me a great Memorial Day.
Randolph L. Smith wishes everyone a meaningful Memorial Day,
and prays that all who paid for our freedom, know, we are still free,
we always remember you, but this day, WE HONOR YOU, "Salute"
Randolph L. Smith wishes everyone a meaningful Memorial Day,
and prays that all who paid for our freedom, know, we are still free,
we always remember you, but this day, WE HONOR YOU, "Salute"
- sunnyview
- Contributions:26916
I hope you have a great Memorial Day Mr. Randy! :)
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
By the way, Sunnyside, yours is the wealth of knowledge kindly presented that does Facebook proud. I enoy your posts.
- Randolph Leslie Smith, "RandolphLSmith"
- Contributions:156
My mistake, I wasn't aware this is not real life.
interest only loans
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