Thursday, February 12, 2009

hell, turns out i was the one doing it all wrong...

well, sonuvabitch! if i'da known this i never would have used up my cash to pay off the mortgage on my florida house and a make big down payment on the mountain place so as to, you know, prevent foreclosure!

who knew the cool thing to do was borrow 110% of value (which equates to more like 150% of value now), and agree to a mortgage that "resets" to a rate and payment equal to more than i made per month?

my question now is, when do i need to stop making payments to time it just right so that father "o" will pay off the balance for me? gosh, he's a lot wealthier and more generous than i would have thought a career lowlevel politician and "organizer" could be...what a guy!


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