A Shell Game By Any Other Name

The daily flood of advertising promising to get you a bigger house, lower your mortgage payment or otherwise basically give you free money astounds me.  I counted tonight and in 30 minutes of radio and television I was offered no fewer than 10 different opportunities to lower my mortgage, get cash back and the rest of the wild schemes the mortgage industry has come up with to keep the housing shell game going.

 

The LA Times has a good example of what a problem many of these quirky mortgages can be.  One can only wonder if folks will stop and realize that at some point the shell game does come to an end.