I've heard him on the radio, and met him in Dearborn. Finally found him on the web: www.HSH.com

"HSH Vice President Keith Gumbinger warns against these types of loans for the simple fact that borrowers will never have a clear picture of their debt or equity. For example, with a fixed-rate mortgage, a homeowner can easily and clearly calculate their payments, mapping out their amount of debt and interest cost. Although borrowers are committing nothing against their monthly income, with a MEF they run the risk of depleting their home's equity."

Our Keith denies being "That Keith," but I'm not buying it.

rdr

My house is paid for, thank God. I don't even know what a MEF is?

By the way, what does this have to do with Model T's? I certainly wouldn't mortgage my house to buy a Model T.
Norm

Right on! doing the fully amortized fixed rate loan right now...the banks are eager to re do the pre obamma loans now.

Hi Ralph - Thanks for the plug, but I cannot tell a lie. That Keith you read about and me are two different people.

I'm just a happily retired CPA who enjoys playing with my 4 Model T's.

The picture above was taken at the Old Car Festival at The Henry Ford in Dearborn, MI two years ago and shows me and Bud DeLong - Bud is the one with the white beard. Will you be there this year, Ralph? We'll be there and hope to see both you and Bud again, plus many others.

Besides, the other Keith has curly red hair, and, well, most of mine went south long ago.

Best wishes from the REAL Keith Gumbinger

Well Keith, mortgage expert or not, I still think you're one of the good guys.

But, but, the mortgage guru is keith T gumbinger. That's gotta' be you..

No, sorry, won't make the OCF this year.

Thank you, Ralph and Eric, but my middle initial is "N", not "T".

See you down the road, maybe on a tour.....

Keith