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To: Lady Lurksalot who wrote (7357)10/6/1998 12:25:00 AM
From: pezz  Read Replies (1) | Respond to of 67261
 
<<does the loan contract require the borrower to make up the short fall>> no ,not in any of the plans that I looked at.But here's what they do to you.In some plans they take out $17000 every 7 years to finance an annuity.These programs can be quite good if the borrower is not concerned with heirs.Because they are the ones that get screwed.
pez