Real estate blog entries tagged with understanding mortgage loan derivates by Illinois Financial Advisor Greg Zaccagni (Farmers Insurance)

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Home : Blogs : Illinois Financial Advisor Greg Zaccagni : Greg 's Blog : Tag "understanding mortgage loan derivates"

understanding mortgage loan derivates: A Drinkers Guide to Understanding Mortgage Derivatives - 05/26/09 08:58 PM

Heidi is a bar owner. She realizes that virtually all of her customers are unemployed alcoholics and can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now & pay later. She keeps track of the drinks consumed on a ledger tab, thereby granting customers loans.
Word gets around about Heidi's "drink now pay later" no income loan programs and huge numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in town!By providing her customer's deferred payments Heidi gets no resistance when, at … (1 comments)

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Illinois Financial Advisor Greg Zaccagni

Wheaton, IL

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Farmers Insurance

Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189

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