Comments on: Mortgage Ads, “No-Cost-Loans”

By: webstertm

webstertm — Mon, 10 Sep 2007 17:20:19 +0000

Just a note John, PT Barnum never actually said that. It was a misquote and it has continued to be cited as an actual quote.

By: John Challis

John Challis — Thu, 06 Sep 2007 19:22:53 +0000

It is disappointing to see that snake oil salesmen such as these still exist. It was easy for them back when interest rates were at 4.75%, but the fall-out has seen most of these “Cowboys,” go under. But regulation is a slippery slope. Unfortunately PT Barnum was correct in that, “A sucker is born every minute.” There will always be companies to take advantage of such suckers. The solution comes in the responsible companies doing our part to educate borrowers. If consumers know the right questions to ask, then they are less likely to fall for bad gimmicks such as these. But I don’t think it is anything that regulation can solve. All that is going to do is create more red tape.

By: webstertm

webstertm — Thu, 06 Sep 2007 17:21:23 +0000

Advertising is such a messy area to try to condem companies from. Is Gatorade really the thirst quencher? It actually makes me thirstier, so I claim false advertising. The financial world is in such a light becuase of blatant attempts to scam people into bad deals. I know of a case where e-mails were sent out with a photo of a house with red stamp over it saying approved and the company was said to have false advertising practices. How about Re/Max ads with sold signs in front of the homes? Is it wrong to advertise what you do, what you are best at or what you attempt to do? All advertising is done with in tongue in cheek. But what do I really know, I’m only working for the “the freshest leadson the net” and I am “The foremost mortgage consultant in the industry today”