Tuesday, January 28, 2014

Renter with Debt

Below is a no down payment mortgage advertisement by Navy Federal Credit Union that appeared in the Sunday, January 26th Washington Post (click on image to enlarge).

The ad reminded me of a joke I heard during the housing bubble.

What do you call a person who puts nothing down on a home mortgage loan?

A renter with debt.



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1 comment:

  1. AnonymousJanuary 28, 2014 at 9:16 PM

    I thought at first it was a CHASE, WELLS FARGO, or Bank of America advertisement. No, its NAVY FEDERAL CREDIT UNION - too big to fail. How many of those no down payment, 100% finance real estate loans nationwide went bad of recent memory? Did NAVY miss the history lesson? Maybe there was no lesson to miss. Full Speed Ahead. Go NAVY.

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