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TOPIC: Re:How bankers make money?
#6453
Daan ()
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How bankers make money? 3 Years, 2 Months ago Karma: 0  
Is your Real Estate in Cochin bringing you enough monthly cash flow? Is land lording draining you of energy? Is property maintenance depleting your bank accounts? Are you open to new and safe methods of bringing huge annual returns on your cash? If you answered "Yes" to any of these questions, please read on. The real estate business is fraught with scams, fraud and unethical practices. As such, it is a highly-regulated business. As a real estate investor, you are treading on areas of law which you should be familiar. A good real estate attorney will help you along the way, but you should strive to educate yourself as well.

Actually, it's not really a secret at all. In fact, bankers have been doing this for over a hundred years. Bankers make money by borrowing at low interest rates, then lending at higher interest rates. You deposit money in a saving account and they pay you 3% interest. They lend the same money back to you for home loans at 7% or more. The "spread" between the interest rate they pay and the interest rate they collect amounts to incredible profit. Consider this simple example: You are shopping for rates to refinance your home loan. A lender quotes you 7% interest. On a $100,000 loan, the monthly payment (amortized over 30 years) is about $665 per month. However, at the last minute someone at the bank decides that the color of you underwear isn't right, so your interest rate changes to 7.25%. Your monthly payment will now be $682. You aren't terribly upset, since; after all, what's $17 per month? What you don't realize is that the extra
 
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#6457
Re:How bankers make money? 3 Years, 2 Months ago Karma: 0  
Funny that bankers and their affiliates can also threaten people and harrass at all times of the day where your social security number and assets are at risk when they know they were investing in you and scamming before they even made the deal. How can this be stopped so inocent people don't get hurt?
 
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#6835
Re:How bankers make money? 8 Months ago Karma: 0  
Who has rates that high?

It's volume that makes banks thier profit, loans for smaller amounts don't generate much profit on thier own.



Properties In India
 
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#6852
Re:How bankers make money? 7 Months, 1 Week ago Karma: 0  
I actually know someone going through this right now. They appraise your house, set a loan limit, force you to pay extra insurance and go through yearly inspections. You receive a fixed dollar amount per month, and can borrow up to a limited amount. There is, however, a penalty. All due monies must be paid within a time limit or the property reverts to the loan co. For every 600 received the borrower or their estate owes 1000, this, as said previously, must be paid off or bye bye property. . . . . .

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