Quote:
Originally Posted by jhv48
Why not go to your credit union and get a signature loan against your savings or your 401k?
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So, instead of your house, colateralize the loan with you savings and 401K?
Yes, on floors and caps. Every lender is different and every customer is different. Lending is based on FICO's.
Again, assets minus liabilities equals net worth. We do not have a complete picture of the borrower/Kirkham buyer. So, blame the 98% of the rest of us for the excess of the 2%.
Reasonable and prudent leverage is fine.