Posts by David Gray6

You can't pull one over on her... like you said yourself—the bank drops the cash straight into her checking account, and that’s that.

The reality is you’ll probably lose less in the long run, except you won't actually see that cash. With life insurance, though, you get the payout plus the gains

Honestly, they should just set up a life insurance policy where the payout covers the mortgage entirely... that way the family gets the cash, but the bank doesn't get a dime from the risk coverage.

Did you go with whole life or just term insurance?
If not, they're basically going to be clawing back that loan

Seriously, what is wrong with you people?

If the report specifically mentions bank loans, how does that have anything to do with interest rates?!

Way to go, Lea. You're the best.

Finally, someone actually knows what they're talking about instead of just posting noise.

alright....

look, I respect everyone's take... I know how things actually work, but hey, feel free to stick to your own version of reality.

The Milky Way... it's all just bank loans. You get people responding to ads like this who are already drowning in three or four different loans, just hoping to lower their monthly payments enough to actually live a somewhat normal life. As for life insurance, that’s there so if something happens to you, God forbid, the policy covers the debt instead of leaving it to your family.

Look, you guys are all totally missing the point here.