Tom Martino is currently endorsing and possibly has ownership interest in a company that promotes mortgage acceleration. What I find difficult to understand is that he endorses a product which requires a consumer to refinance their current loan into a 1st lien Home Equity Line of Credit. Anybody that knows anything about stagflation can tell you why this is a ridiculous suggestion. I challenge ANY reader to find another consumer advocate with more fingers in the pie than Tom Martino. How can someone claim to be a defender of ME, Mr. General Public yet point me in a direction solely because of the income it pays him. Everyone knows that changing our education systems towards financial literacy is a postive direction. Yet, instead of pointing us in THAT direction, he points us only in the direction of his wallet. I for one feel a burning desire to defend our wonderful state from someone who so clearly couldn't care less for the general public. What a hypcrite. Tom Martino is quite likely the biggest rip off artist of all time and like usual we respond like puppets drooling over the self-serving information he yaps about. Guess who gets paid when we hire the people he tells us to. Go ahead, guess.
Take a look at these links for some juicy info on this program. Yikes!
Http://www.fatwallet.com/forums/topic.php? Catid=52&threadid=741176
Australian ASIC
http://www.butterhomes.com/blog/index.php/mortgage-accelerator-under-fire-australian-securities-and-investments-commission-taking-action-against-mortgage-brokers
0 comments