Posted by Ed Garcia on March 01, 2001 at 09:05:58:
Before you know it, I’ll be working exclusively for you. Tell you what I’m going to do. I’ll give you some names of different loans and let you find out what they are. As much as I’d like to, I just don’t have the time to spend my morning defining them for you.
Take Out Loan
Home Equity Loan
Working Credit Line
Fix Rate Loan
GPM (Graduated Payment Mortgage)
GEM (Growing Equity Mortgage)
PAM (Pledge Account Mortgage)
Roll Over Loan
SAM (Shared Appreciation Mortgage)
And the list goes on…
Borne, Have fun with this list. It ought to keep you busy for a while. Why don’t you get back to us and share your definitions with the board.