Message of the Day:

Bored? You'll find something new to do at MindThrow! Be a pal and Digg the MindThrow launch announcement (only takes 30 seconds).

Early Loan Pay-Off Ads


Categories:

For the past couple of months there has been a deluge of "pay off your loans early!" ads on the radio and television. Maybe I missed them, but I don't remember such a strong push in this direction even a year ago. My theory is that lenders are behind the movement and are eager for borrowers to pay of low interest rate loans from several years ago so that the money can be reloaned at higher rates to new borrowers.

0 TrackBacks

Listed below are links to blogs that reference this entry: Early Loan Pay-Off Ads.

TrackBack URL for this entry: http://www.mwilliams.info/mt/mttracks.cgi/3415

1 Comments

Ben Bateman said:

I have heard that a great many adjustable rate mortgages are coming up for their first rate adjustment, and most will be up. So maybe the expectation is that people will be upset to see their mortgage payment go up, so they'll take a longer term at higher interest just to get their monthly payment down.

Leave a comment

The comment login system is acting strange. If you get an error message saying you aren't logged in when you are, just reload the comment page and try again. I'm trying to track this bug down, but it's not easy.

Supporters

Email plasticATgmailDOTcom for text link and key word rates.