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MORTGAGE DEBT TRAP! Are Banks Getting Desperate?

710 views · Published 26 April 2017 · 3:23 · Indexed 14 November 2026

Channel: Mike Martins · 2017 · Howto & Style

"I'm not even too interested in the show. I'm actually more interested in listening to what the commercials have to offer."
— Mike Martins

Hey YouTubers! Mike Martins here from the Mike Martins Channel, and I've noticed something very strange happening on American talk radio!

While working out this morning, I was listening to a Los Angeles radio station, and something caught my attention. It wasn't the news. It wasn't the interviews. IT WAS THE COMMERCIALS!

Over the last three weeks, I've noticed a dramatic shift in the advertisements.

Jumbo mortgages! Home equity loans! Debt consolidation! Refinancing! Even 30-year fixed-rate mortgages!

Commercial after commercial encouraging homeowners to borrow against their properties.

GET YOUR HOME EQUITY WORKING FOR YOU!

That's the message they're pushing!

Have car payments? Outstanding debts? Other financial obligations? Apparently, the answer is to roll everything into your mortgage!

And here's what concerns me.

Are financial institutions becoming desperate to generate new loans? Are they encouraging homeowners to take on more debt before interest rates rise?

Even homeowners over 65 are being targeted with financial products promising solutions!

I've been covering housing bubbles, household debt, shadow banking, and questionable lending practices for years. Now I'm watching the advertising change right before my eyes.

Are these commercials an early warning sign of something much bigger?

I want to hear from my American subscribers, especially those in California.

Are you noticing more mortgage refinancing commercials on your local radio stations?

Comment below!

Thanks for watching!

— Mike Martins Channel

#mortgage #housingbubble #refinancing #homeequity #californiahousing #housingcrisis #debttrap #interestrates #mikemartins #MikeMartinsChannel