DEBRIS.COMgood for a laugh, or possibly an aneurysm

Sometimes it’s fun to lift up a rock and focus a little white-hot sunlight on the slimy invertebrates underneath…

Quoting from yet-another piece of mortgage junkmail:

If you are like myself [sic], you receive tons of fliers just like this one every week.

Wow, in addition to selling shitty mortgages you also read minds?!?!

Everyone is promising you the “lowest rates” and “best service.”

In contrast, your offer promises the “Worst. Mortgage. Evar.” Except that you spell it “10 year interest-only period followed by 20 yrs P&I,” in mousetype, natch.

There are no upfront fees to apply…

No, of course not. You add them to the loan amount instead.

STOP THROWING AWAY TENS OF THOUSANDS OF DOLLARS EACH YEAR!!

…when you can throw them all away, and some others too, in 10 years after you realize you’ve paid down exactly NONE of that $500,000 jumbo loan, and it is going to cost you 30 years’ worth of interest at then-current rates even though you’ll have only 20 years to pay it off. On the other hand, if you spent some of those tens of thousands of dollars every year on lottery tickets, maybe it will all work out fine.