Take a look at this ad:

a) do you think this ad is fair or deceitful? why?

b) Does the table below give you any concern?

Suppose a family member had brought you this ad and asked for advice. what would you say? How would you support the advice you give?

Mortgage Payoff Eliminates Up to 15 Years of Payments At Lending Tree, we help you get the best deal possible on your loans, period. By giving consumers multiple offers from several lenders in a matter of minutes, we make comparison shopping easy. And we all know- when lenders compete for your business, you win! See Refi Offers Now Pay faster to save a ton A mortgage is officially repaid when you pay back what you borrowed the principal. But, the amount of interest you'll hand over to the bank is greatly affected by how long it takes you to make that final payment. In other words, you'll get to hold on to a lot more of your hard-earned cash by doing one thing: paying your mortgage off faster. If you're in a 30-year mortgage, switch to a 15-year. Sound intimidating? It's not - we'll show you how. Do the math (the banks wish you wouldn't) It's a simple equation, but bankers don't want you to solve it. After all, big banks make millions of dollars from interest. Avoiding it is not something that's in their interest (pun intended) to do. Have you ever noticed the interest accrued on your credit card, automobile or student loan statement and been shocked by the total you see? It happens to people every day! Take this account from a borrower writing on morningfinance.com: when he put pencil to paper, it turned out that 72% of the monthly payment on a 30-year mortgage was going straight to interest. By switching to a 15-year mortgage, he could save $159.447.09 in pure interest. BILLING STATEMENT STATEMENT ENCLOSED Current Payment Breakdown 15 Year Fixed 2.5% Interest Rate Principal Basic $255,597.92 Stalement Date Due Date Amount Due 03/09/2016 04/01/2016 $1,704.23 $1 17172 irripal Interest Total Amount Due $1,704.23 payment is receive witter Hoop. ET 04/10/2017, SOLO Lotton will bw charged Interest Paid = $51,173.96 BILLING STATEMENT STATEMENT ENCLOSED Current Payment Breakdown 30 Year Fixed 4.5% Interest Rate Puncipe Balance $255587.92 Statement Date DucDate Amount Duc 03/05/2016 04/01/2016 $1,323.72 Principal Interest Total Amount Due $38522 3956.45 51,323.72 If payment is received alla &00p.m. ET04/6/2016, a 566.19 late fee will be charged Interest Paid = $210,621.05 30-Year Fixed VA 5-Year ARM 30-Year Fixed 15-Year Fixed 30-Year Fixed FHA 3.49% (3.946% APR) 3.5% (4.249% APR) 3.75% (4.024% APR) 3.25% (3.694% APR) 3.49% (4.495% APR) Take advantage of benefits available to military veterans, active-duty service members and eligible surviving spouses. Lock a low rate for the first five years of your mortgage. This is a great option if you plan to move or refinance within five years. Enjoy a low, fixed monthly payment for the life of the loan, and avoid paying mortgage insurance when you put 20% down. Save on interest compared to a 30-year fixed loan, and get a low, fixed monthly payment for the life of the loan. Buy or refinance with more lenient credit requirements. The low down payment also makes this loan a perfect fit for first-time home buyers. Future Adjustments Mortgage Payoff Eliminates Up to 15 Years of Payments At Lending Tree, we help you get the best deal possible on your loans, period. By giving consumers multiple offers from several lenders in a matter of minutes, we make comparison shopping easy. And we all know- when lenders compete for your business, you win! See Refi Offers Now Pay faster to save a ton A mortgage is officially repaid when you pay back what you borrowed the principal. But, the amount of interest you'll hand over to the bank is greatly affected by how long it takes you to make that final payment. In other words, you'll get to hold on to a lot more of your hard-earned cash by doing one thing: paying your mortgage off faster. If you're in a 30-year mortgage, switch to a 15-year. Sound intimidating? It's not - we'll show you how. Do the math (the banks wish you wouldn't) It's a simple equation, but bankers don't want you to solve it. After all, big banks make millions of dollars from interest. Avoiding it is not something that's in their interest (pun intended) to do. Have you ever noticed the interest accrued on your credit card, automobile or student loan statement and been shocked by the total you see? It happens to people every day! Take this account from a borrower writing on morningfinance.com: when he put pencil to paper, it turned out that 72% of the monthly payment on a 30-year mortgage was going straight to interest. By switching to a 15-year mortgage, he could save $159.447.09 in pure interest. BILLING STATEMENT STATEMENT ENCLOSED Current Payment Breakdown 15 Year Fixed 2.5% Interest Rate Principal Basic $255,597.92 Stalement Date Due Date Amount Due 03/09/2016 04/01/2016 $1,704.23 $1 17172 irripal Interest Total Amount Due $1,704.23 payment is receive witter Hoop. ET 04/10/2017, SOLO Lotton will bw charged Interest Paid = $51,173.96 BILLING STATEMENT STATEMENT ENCLOSED Current Payment Breakdown 30 Year Fixed 4.5% Interest Rate Puncipe Balance $255587.92 Statement Date DucDate Amount Duc 03/05/2016 04/01/2016 $1,323.72 Principal Interest Total Amount Due $38522 3956.45 51,323.72 If payment is received alla &00p.m. ET04/6/2016, a 566.19 late fee will be charged Interest Paid = $210,621.05 30-Year Fixed VA 5-Year ARM 30-Year Fixed 15-Year Fixed 30-Year Fixed FHA 3.49% (3.946% APR) 3.5% (4.249% APR) 3.75% (4.024% APR) 3.25% (3.694% APR) 3.49% (4.495% APR) Take advantage of benefits available to military veterans, active-duty service members and eligible surviving spouses. Lock a low rate for the first five years of your mortgage. This is a great option if you plan to move or refinance within five years. Enjoy a low, fixed monthly payment for the life of the loan, and avoid paying mortgage insurance when you put 20% down. Save on interest compared to a 30-year fixed loan, and get a low, fixed monthly payment for the life of the loan. Buy or refinance with more lenient credit requirements. The low down payment also makes this loan a perfect fit for first-time home buyers. Future Adjustments