Eh? So what - we should appoint you to personally decide for people who gets loans at what interest rates? That's totalitarian. It assumes you know best for others in our society.
Or are you proposing to open your own lending company that can do no-doc loans cheaper?
Seems you want to taking away an option that other people want to enter into.
These people are adults. Like you - no less, no more. They have the right to choose what works for them.
I used a high interest mezzanine loan for a few weeks so I could upgrade my house before I sold my then current house. It was crippling interest, but I paid it for a few weeks. I love my new house. It worked for me. It worked for the lender. Do we need to call you first to see if its ok?
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