What happens went they want your Mortgage money?

[d000hg]

I would imagine that anyone paying an interest-only mortgage knows EXACTLY how they are going to repay that actual mortgage at the end of the mortgage period.

If they don't then they're idiots.

You seem to be contradicting yourself, because lots of people (most?) are idiots

[WTFH]

You seem to be contradicting yourself, because lots of people (most?) are idiots

49% are of below average intelligence.


I wonder what % of that 49% are the ones who have interest only mortgages without a low risk savings plan to cover.

[d000hg]

Well I have an IOM and don't explicitly set aside the amount we would be paying off, but the mortgage is small so I know it's easily covered - we just invest as we area able each year.

[The_Equalizer]

Well I have an IOM and don't explicitly set aside the amount we would be paying off, but the mortgage is small so I know it's easily covered - we just invest as we area able each year.

I got a IOM free when I got married. It's now IOM with savings plan in place.

[sasguru]

49% are of below average intelligence.


.

Why just 49%?

[WTFH]

Why just 49%?

Well, 49.9999999999999%, but you get the idea. By statistical definition, 49% of any group are of below average intelligence for that group.

[OwlHoot]

Well, 49.9999999999999%, but you get the idea. By statistical definition, 49% of any group are of below average intelligence for that group.

No, no, Sas is so hyper-intelligent he skews the whole distribution, which means actually 60% of people are below average intelligence!

[LondonManc]

No, no, Sas is so hyper-intelligent he skews the whole distribution, which means actually 60% of people are below average intelligence!

Depends which average you're working with

[d000hg]

Well, 49.9999999999999%, but you get the idea. By statistical definition, 49% of any group are of below average intelligence for that group.

Who said idiots were everyone below average? Probably anyone more than one std dev away from you seems an idiot/genius.

[Dactylion]

Who said idiots were everyone below average? Probably anyone more than one std dev away from you seems an idiot/genius.

To be fair for most of the muppets being able to tie your shoe laces yourself counts as genius.

I understand SAS wears loafers.