Though this may be new or unfamiliar to you, there is a REASON banks primarily do MORTGAGES and have all the money in the country.
MORTGAGES pay WELL and are fully secured by the house.
MORTGAGES are the only form of investment that are double secured! There is a Deed of Trust against the house AND there is insurance on the house.
Most banks charge 8-9 TIMES the average interest rate that they pay out on deposits.
If a CD is paying ½% banks will typically be getting 4.5 -5% on mortgage interest.
With an investment that consistently pays so well you can understand why banks want to monopolize the mortgage business and make it seem scary & mysterious to the average investor!
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