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01-25-2021, 08:10 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
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Quote:
Originally Posted by Stu from NYC
The question is are they giving valid financial advise explaining the negatives.
My feeling is they do not give a balanced opinion.
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The required counseling can merely consist of a short phone call at a cost to the borrower of $100. "Counseling" was mandated by the government as part of its attempt to reform lending practices. I do not consider the required phone call true counseling which would require an in-depth analysis by an independent well educated fully accredited professional financial planner.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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