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S2 E1: Contest Winners Announced / The Kardashians Get Into Vitamins / Facebook Stock Drop
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Fixed Rate Mortgages - Why Should You Use an Adjustable Rate Mortgage?
Some of these businesses I've heard borrowed money like these aggregators borrowed money to buy Amazon businesses. And similar to homeowners they're like look let's get the lowest interest rate possible which is getting an adjustable mortgage at the time instead of a fixed rate mortgage. So if you wait a couple of years you know that loan will be 7% now. That happened with people buying houses. A bunch of those guys were making a ton of money because we only had to pay 2% interest rate 2% on the amount we borrowed. Now we have to pay $7,000. Those guys would buy AOL dial up and be like how do I get this into the hands of everyone again? Well
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