1.00% Option ARMs, Pick-A-Pay Loans, Negative Ams
Whatever name you call them, the 1% loans that are widely advertising remind me of the character Whimpy on Popeye the Sailor Man.<br /><br />Whimpy always siad, “I will gladly pay you Tuesday for a hamburger today.” With the 1% “rat” being the hamburger, imagine borrower say $200,000 and owing $225,000 later down the road.<br /><br />These loans are not for everyone. You must understand them fully in order to take them out. It is NOT a 1.00% interest rate! The real rate today is in the 6’s or 7’s. Please do not be fooled.<br /><br />Give me a call at 866-GLICK-66 and I will be happy to explain the loan in full and see if it makes sense for you.