RATE INDEXING

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From: Anonymous


HI
WE HAVE SEEN A COMPANY CALLED NETWORTH
PLANNING WHO ARE CONNECTED WITH A QLD BASED
ADVISORY COMPANY NAMED EXPRESS MORTGAGE.
THEY ARE PUSHING THIS RATE INDEXING AS A MEANS OF REDUCING YOUR EFFECTIVE INT RATE
ON YOUR OWN HOME BUT THE SALESMAN WOULD
NOT EXPLAIN HOW IT WORKS . YOU ARE SUPPOSED
TO TO MAKE AN APPTMENT WITH EXPRESS M'GAGE
AT A PRICE OF $100 AND THEY WILL SHOW YOU
HOW ,EVEN WITH YOUR CURRENT LENDER .I HAVE
RESERVATIONS ABOUT ANY DEALINGS WITH THESE
PEOPLE BUT WONDER IF ANYONE CAN THROW ANY LIGHT ON THE THEORY INVOLVED
MANY THANKS
ET
 
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