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Mark Baum:
Okay, look. If home prices don't go up, you are not going to be able to refinance. And you'll be stuck paying whatever your monthly payment is once it jumps up after your teaser rate expires. Your monthlies could go up two-, three-hundred percent.Florida Strip Club Dancer:James says I can always refinance.Mark Baum:Well, he's a liar. Actually, in this particular case, James probably is wrong.Florida Strip Club Dancer:200 percent? On all my loans?Mark Baum:What do you mean "all" your loans? We're talking about two loans on one house, right?Florida Strip Club Dancer:I have five houses... and a condo
Okay, look. If home prices don't go up, you are not going to be able to refinance. And you'll be stuck paying whatever your monthly payment is once it jumps up after your teaser rate expires. Your monthlies could go up two-, three-hundred percent.Florida Strip Club Dancer:James says I can always refinance.Mark Baum:Well, he's a liar. Actually, in this particular case, James probably is wrong.Florida Strip Club Dancer:200 percent? On all my loans?Mark Baum:What do you mean "all" your loans? We're talking about two loans on one house, right?Florida Strip Club Dancer:I have five houses... and a condo
Full Transcript
00:00:01.000 --> 00:00:03.074
OK look If home prices don't go up
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You are not going to be able to refinance
00:00:06.006 --> 00:00:07.054
And you're going to be stuck paying
00:00:07.082 --> 00:00:11.008
whatever your monthly payment is once it jumps up whenever your TISA rate expires
00:00:12.042 --> 00:00:14.076
Your monthly's could go up two to three hundred percent
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James says i can always refinance
00:00:16.094 --> 00:00:18.009
Well He's A liar
00:00:19.998 --> 00:00:22.002
Actually in this particular case James probably is wrong
00:00:22.028 --> 00:00:24.022
Two hundred percent
00:00:24.008 --> 00:00:25.076
On all my loans
00:00:25.084 --> 00:00:29.006
What do you mean All your loans We're talking about two loans on one house right
00:00:30.998 --> 00:00:31.098
I have five houses
00:00:32.024 --> 00:00:33.036
And a condo
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Movie Summary
The men who made millions from a global economic meltdown.

