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Understanding Mortgages

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  • quantic
    quantic Posts: 1,024 Forumite
    Part of the Furniture Combo Breaker
    The Carol Vorderman strategy was to borrow against the future value of your home to consolidate the debts you couldn't service, thereby allowing you to go out and buy more stuff you didn't need to fill the house you could no-longer afford and now owned even less of, to impress people you didn't like with money you still didn't have. Brilliant!

    Love this :D
  • noodle
    noodle Posts: 133 Forumite
    The Carol Vorderman strategy was to borrow against the future value of your home to consolidate the debts you couldn't service, thereby allowing you to go out and buy more stuff you didn't need to fill the house you could no-longer afford and now owned even less of, to impress people you didn't like with money you still didn't have. Brilliant!

    If I remember rightly, she wanted us to spend all the money we didn't have on overpriced margerine.

    Still.. she did sums on Countdown, so she obviously knows her stuff.
  • SouthCoast
    SouthCoast Posts: 1,985 Forumite
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