No. of Recommendations: 6
I am truly amazed at the number of people who wouldn't think of borrowing money to put into the market, but when a choice comes up of taking out a mortgage and using that to put into the market or buying the house outright, so many people are willing to take out the mortgage, in spite of the 2%-3% transaction costs UPFRONT. Most of you don't like load funds. What gives on the mortgage thing? You don't object to those enormous fees, but you'd yowl if a stock broker charged you 1% to let you into a fund.

The mortgage industry seems to have infected us all to their benefit and our detriment. We got wise to stock broker fees; maybe we need a dose of the same medicine for mortgage brokers.

- tmeri
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