Clearly these loans aren't for everyone. Unless you've been disciplined about saving the difference you're setting yourself up for sticker shock at the end of five years.
More Quotes from Anthony Hsieh:
Over the last five years, credit scores have been refined to the point where they are now one of the most important factors for lenders.Anthony Hsieh
Equity might have been the only thing preventing foreclosure a decade ago, said Hsieh, but these days most borrowers understand the importance of maintaining their credit score. Studies show that if you're a credit worthy borrower, you will do everything in your power to keep your credit high, ... That in itself is skin in the game.
Anthony Hsieh
If you own your own home free and clear, people will often refer to you as a fool. All that money sitting there, doing nothing.
Anthony Hsieh
We love debt in America more so than any other country.
Anthony Hsieh
The attractiveness of this product is flexibility, but that flexibility sometimes can get people in trouble.
Anthony Hsieh
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If the Americans go in and overthrow Saddam Hussein and it's clean, he has nothing, I will apologize to the nation, and I will not trust the Bush administration again.
Bill OReilly
If you don't have enemies, you don't have character.
Paul Newman