OMR SUBCAGE [subframe cage]
Retired
Joined: Mar 2003
Posts: 37,967
From: .
Re: OMR SUBCAGE [subframe cage]
Well if the guy lied to you its fucked up. I agree with that. I only used to pitch ARM's to people with bad credit who couldnt qualify for a decent fixed rate mortgage and when I used to pitch them to people I would explain it right which is you take advantage of the lower rate now and when your credit improves you then refi into a fixed rate mortgage. The sad reality of it all is that all of the terms were disclosed to you at the closing and you should have read all of the documents. Ive been in closings where we sat there for 4 hours because the borrower(s) read every single page and every word on each page. Ive been in closings and sat there for 20 minutes because the borrower(s) just signed and didnt read anything. The truth in lending disclosure shows you that an arm is fixed for 2 years and shows what the worst case adjustments would be over the next 28 years or 38 years in a 40 year term mortgage. No where in any of the documents does it say that you can lock your rate into a fixed rate at any time and thats something I wouldve questioned and walked away from the deal because of 
Again - I dont know your particular situation but people always blaming **** on the system is bullshit. The mortgage industry is so regulated that everything must be disclosed so if the borrower is just happy coz he's buying a home and didnt read anything - its on him and not the "system".
Again - I dont know your particular situation but people always blaming **** on the system is bullshit. The mortgage industry is so regulated that everything must be disclosed so if the borrower is just happy coz he's buying a home and didnt read anything - its on him and not the "system".
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
I was sold on an intrest only 3 year arm. "The loan I would reccomend is a 3 year ARM, you can make lower payments now, then lock in a rate at anytime and have a fixed rate 30 year mortgage" If you ever told someone that **** as a mortgage broker I will bitchslap you with a crowbar.....twice.
Again, when I would pitch a 3 year arm I would explain to the borrower that its fixed for 3 years and then goes adjustable and that they have to refi to get into a fixed rate mortgage. The only time I would pitch arms though is when peoples scores were too low to qualify for a decent fixed rate product. And I would put out there that if there credit still sucked in 2 or 3 years that they would probably be in a worse situation then they are now. I used the ARM's to get them into the property but they knew what they had to do in order to get a decent fixed rate. Whether they did that or not is on them. Most people didnt do what was necessary and came back 2 years later for another ARM
I Have Too Much Free Time
Joined: Oct 2002
Posts: 16,026
From: Bangor, ME
Re: OMR SUBCAGE [subframe cage]
I guess growing up around this **** made me a lot more aware of what was going on. I feel bad you guys are screwed on house values but at the same time I don't think it's right to walk away from a commitment.
You do know that a mortgage company can come back on you with a lawsuit if you just stop paying and they forclose on you? They are still entitled to what you agreed to pay. They will deduct what they can get for the house but you are still responsible for the rest.
You do know that a mortgage company can come back on you with a lawsuit if you just stop paying and they forclose on you? They are still entitled to what you agreed to pay. They will deduct what they can get for the house but you are still responsible for the rest.
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
I guess growing up around this **** made me a lot more aware of what was going on. I feel bad you guys are screwed on house values but at the same time I don't think it's right to walk away from a commitment.
You do know that a mortgage company can come back on you with a lawsuit if you just stop paying and they forclose on you? They are still entitled to what you agreed to pay. They will deduct what they can get for the house but you are still responsible for the rest.
You do know that a mortgage company can come back on you with a lawsuit if you just stop paying and they forclose on you? They are still entitled to what you agreed to pay. They will deduct what they can get for the house but you are still responsible for the rest.
I Chose to No Longer Post
Joined: Apr 2004
Posts: 37,827
Re: OMR SUBCAGE [subframe cage]
Thats just it. So many people are in this situation, I wasn't looking to make all sorts of money short term, but I also didn't expect the housing to crash due to all the shady **** the system was doing. I planned on buying a house so I didn't **** away money to rent, stay in it for 5 maybe 10 years max then sell it. Instead it was buy and then have the market tank because of the bullshit the mortgage industry pulled and now the house is worth less than what I paid for it. Wait what out - stay here until I am 40? Wait to have kids and a nice house they can fit in until I am 40? Wait to have a bigger yard we can have fun in until I am 40. **** the system - if you think the gov't or forecasters/analyzers didn't know this was happening someone pulled the wool over your eyes. For the record I went with a 30 year fixed, I did the right thing - I stayed in my price range too, none of that matters though because the bullshit ******* in the mortgage industry destroyed this country.
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
If its tight but you have a small amount of equity, you can probably refi into an FHA loan and save money on your payments. Again, I dont know your whole situation but its something to look into. I Chose to No Longer Post
Joined: Apr 2004
Posts: 37,827
Re: OMR SUBCAGE [subframe cage]
I knew what I was doing. I should have elaborated. My income was some how fudged so I was pre-approved for more. I am smart enough to realize that and I stayed withint my budget, not everyone has as high of an iq as we do in here - does that mean they deserve to get screwed? Absolutely not.
I Chose to No Longer Post
Joined: Apr 2004
Posts: 37,827
Re: OMR SUBCAGE [subframe cage]
Again - I dont know your particular situation but people always blaming **** on the system is bullshit. The mortgage industry is so regulated that everything must be disclosed so if the borrower is just happy coz he's buying a home and didnt read anything - its on him and not the "system".
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
Its funny how people always blame the industry or the system. What about the borrowers/homeowners? I dont know the exact percentage but I'd say 75% of homeowners used their homes as slot machines. I had plenty of borrowers that I helped with their first mortgage buy a house at 300k. Then property values went up so they refi'd and then they took a home equity loan and then they refi'd again using their house like a slot machine. Next thing you know the house they bought for 300k has a 500k mortgage on it and thats the industry's fault? No thats the borrowers fault for thinking that everything would be okay after refinancing 3x in 2 years and owing 500k on a house they bought for 300k.
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
Bullshit. If it wasn't the systems fault big brother wouldn't be bailing the whole ******* country out - well minus those of use that bust our *** to make sure we never miss a payment. 30% of all homeowners didn't **** up that bad - they had help from the system to make sure of it.
People need to also step up and take responsibility for what they did by just signing and not reading and refi'ing over and over again taking every penny in equity out of their properties. I have borrowers that I refi'd 4 or 5 times in 2 years. So what, I shouldve turned them away and done the right thing??? If they qualified, they qualified. And if I wouldve turned them away, they wouldve just went elsewhere for that mortgage. I Chose to No Longer Post
Joined: Apr 2004
Posts: 37,827
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
I knew what I was doing. I should have elaborated. My income was some how fudged so I was pre-approved for more. I am smart enough to realize that and I stayed withint my budget, not everyone has as high of an iq as we do in here - does that mean they deserve to get screwed? Absolutely not.
Most closings that Ive been to, the closer explained each page to the borrowers so even if they couldnt read it was explained to them. They chose to hear what they wanted to hear and ignore the rest. Again - just what Ive seen. NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
OMR SUBCAGE (S)
OMR SUBCAGES available:
Honda
pay pal accepted
Tech
click here to contact >> old man roger
the original folding peg subcage!!!!!!!!!
>>click here to see why i only sell folding peg subcages<<
OMR SUBCAGES available:
Honda
- CBR F4i - 01, 02, 03 will also fit the single seat style with minor mods
- CBR 954- all years
- CBR 929- all years
- CBR 600RR - 03 , 04 , 05 , 06 , 07 <<< click here
- GSXR 600/750 -00, 01, 02, 03, 04, 05
- GSXR 1000 -01, 02, 03, 04
- R6 - 03, 04, 05 <<< click here
- R6s (old body style) - 06, 07, 08
pay pal accepted
Tech
- The 03-06 CBR 600RR , 03-05 Yamaha R6 ,03 04 gsxr 1000 and the f4i pegs are lowered and moved back and out for better peg position!
- The 01-03 GSXR 600 and 750 have the pegs moved out two inches because of the big tail section
- THE 07 600RR pegs are located 2-1/2 inches lower and 3 inches wider (Than stock)
- All other omr subframe cage models are in the stock location except they are rotated on their axis so they don't fold up unless you fold them up, this also puts your foot on the grippy part of the peg during a wheelie.
- omr subcages are available for all makes and models but only the ones listed above are available for shipping
click here to contact >> old man roger
the original folding peg subcage!!!!!!!!!
>>click here to see why i only sell folding peg subcages<<
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
Yeah there was plenty of that happening. Most people would question like you did how can I afford a 1/2 million dollar crib when I only make 30k a year. The rest of the people who didnt question it are the low IQ people you mentioned before.
NealFoReal
Joined: Oct 2006
Posts: 36,000
From: QUEENS, NY BITCHES
Re: OMR SUBCAGE [subframe cage]
These people at onoffroad.com dont really know much about stunting. Would a 120 link chain be enough if I kept stock in the front and went +10 in the rear. I think Mike said yeah but I dont remember
bp chaser
Joined: Oct 2002
Posts: 85,668
From: LI, NY and I drive in Australia
