Causes of Crime

[ZeroJunk]

Originally Posted by Tom Joad

I hear you.

Another thing that changed from 1978 to 2004 was the closing cost scam. In 1978 my closing costs were $700 on a 25,000 loan. That's a little under 3%.

In 2004 they were almost $5,000 on an $80,000 loan.

That's about 6%.

Tell me that's not a scam.

The Vultures swoop down and get 6% on every real estate deal.

That's a shitload of money.

I'll bet Zero has got himself a piece of that action.

He strikes me as the type.

No matter what the subject it is always what somebody else is doing to you.

Personally, I never got a mortgage loan to build my house. I bought the land. And, when I got that paid off I got a 10 year commercial loan with a balloon payment at the end. Built the house as contractor. And, at the end of the commercial loan I paid it off with a home equity loan. More than one way to skin a cat.