10-24-2008, 03:36 PM
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CC Member
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Join Date: Aug 2006
Location: San Diego,
CA
Cobra Make, Engine: SPF1715, Roush Built 434 ci Stroker, Dart Block, Ported AFR 205 Heads... 561 hp / 547 tq, Former Roush Show Car, Completed and Prepped By Olthoff Racing.
Posts: 1,066
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Quote:
Originally Posted by RodKnock
 So, instead of your house, colateralize the loan with you savings and 401K?
Yes, on floors and caps. Every lender is different and every customer is different. Lending is based on FICO's.
Again, assets minus liabilities equals net worth. We do not have a complete picture of the borrower/Kirkham buyer. So, blame the 98% of the rest of us for the excess of the 2%.
Reasonable and prudent leverage is fine. |
A lot of assets became liabilities in the past couple years. |