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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (105986)	12/31/2009 9:26:47 PM
From: Hawkmoon	Respond to of 116555

A 20 year loan is $329.28 per month. Only $60.87 more each month buys him ten fewer years of mortgage payments. Yeah.. we're cool with whatever way he wants to handle it. From our perspective it was a mutually beneficial arrangement that helps out a family member. But effectively his loan will be reflected as "paid in full" when in fact it's merely been transferred to a private lender (my mother) who's looking for better yield than available in CDs. So I'm wondering how much of a trend this might become and how it could skew the statistics related to borrowers paying down debt? Happy New Year!! Time for me to get out there and have some fun!! Hawk