Ensuring Electronic Signature Legality for Home Loan in Australia

How to eSign a document: electronic signature legality for Home Loan in Australia

YouTube friends and family all right bad wolf back with some more of that interesting information all right definitely appreciate all you guys all the support and whatnot so what do I have today okay so if you're a homeowner or for those people who are going to be it's a lot of work but it's definitely worth it good investment for yourself but here's the every of the situation so now what they didn't tell us here's why your mortgages are technically illegal okay well actually not even technically for some of you guys out there you don't know what a signature loan is a signature loan is basically just a loan based on 100% off of your signature you signed it now they're creating this money it's backed by nothing it's unsecured it's just a signature loan your house is basically a signature loan and it's legal for them to do that but the part that becomes illegal is when they don't when they didn't and they hadn't told you that the bank didn't put up any money for your house yeah that's right the very house you're sitting in right now was paid for because of your signature when you put together your your little packet you're happy you're sweating you're like oh man I don't know if I'm gonna get this this that and the other you know what they do they take your information put it out there on the stock market and they sell it to somebody out there China Korea whoever millionaire down the block from you somebody buys these these signature loans these notes okay they put it out there then that basically become the it the actual process is called monetization okay and so what they do is they put it out there somebody says I'll buy that they usually lump them okay once they get lumped then they go alright it's pay the bank then goes you know what we will approve your loan on the reason why they want you to have higher credit this that any others because if you don't pay or whatever else then that investor goes after the bank for that money okay which is why and for me mine just fell off literally right this this month um what is it uh it's a PMI PMI insurance they make you get insurance so think about how deep the f re goes that when you sign up for all this the bank is coming out of their pocket zero zip zilch nada negatory all they're doing is taking your signature as a signature loan monetizing it somebody else investing in it then you have to get insurance for yourself in case you don't pay that company will then pay your insurance so they don't have to pay for you not paying so when people are losing their homes and whatever else the bank is just sitting back like got to be because well that's if you don't have the insurance for some reason but most of time they make you have it okay for those reasons so anyway as you're making your payments now over the next thirty some years if you look up how much you're actually paying I have paid I think it's like at least double and and some change that you pay so not only have you paid your entire loan or interest off well your your you've paid the investor his his portion of it and then some and the bank who didn't come up with anything other than you going to them saying hey I'm gonna go to my local bank because I love them and they love me or whoever you just put in their pocket two or three hundred some odd thousand dollars okay each house is gonna be a little different obviously and how much you have paid what it's worth etc but you get the idea they basically basically they know reach-around they'll kiss on the back of the neck no transfer to the bus stop okay just thanks for playing all is easy on you okay so your signature your signature loan gets monetized once it's monetized it sits out there investor covers it I got it they then make you take out insurance if you don't pay the insurance or your insurance crap or whatever they either get your property or they get covered by the insurance company covering that once you pay that offer to a certain point where they feel safe and comfortable you've paid off you know either the investor or the happy portion of the bank is good with then all of a sudden that comes off and your mortgage will drop a little bit at the end of the term investors pay it off bank is happy and you have your house that you paid almost well between double and triple what it costs yeah that's about it guys so go out there look up things such as signature loan and monetization I'll just give you this one last story just to prove it to you so I had some credit card debt right and let's just say through some programs and things I know of for certain reasons I listed just this is educational remember I was able to take care of a large chunk of them let's just say I've given you all the clues to what I'm talking about right now you can also look up things called accepted for value okay I was able to monetize and pay off that debt and then the difference was returned to me by said Bank keeping in mind that all that everything I'm telling you right now can only be done if it's a debt okay you can't go out and really use any of this to buy stuff now you can legally you can there's a legal way to do it okay but if you do that let's just says it's a it's a more of a complicated process I like to keep things easy and kind of smooth and kind of player ish once again educational purposes for those people who want to look up things um look up accept it for value look up LPN and just know that those things are usually used for debts but you can if a place accepts it we'll just say if a place accepts it and doesn't return it within let's say three legal business days or five depending on what how you should create said note um the legally they are obligated to provide the rest of the services and let's just say that there is no law against creating your own currency okay it's all I'm gonna say I like to fly underneath the radar and so it's almost a I'm going to mention any much more than that I've given you enough breadcrumbs that you can look it up it's like I said I've been through a lot of things have done a lot of amazing things I'm not gonna give away everything because I don't want this channel shut down by the various powers that be over saying too much about stuff I've seen a lot of other channels go down trying to stay online guys but I've given you enough that you can look it up okay start there so that's about it guys thank you for watching I appreciate it um bail like to subscribe and as you guys ask more questions if I have time I will get to them if I haven't gotten back to you via email or whatever else I apologize I have you can even see behind me I've got like not even though this is not even all my email accounts that I get blown up on for all the things that I'm doing I apologize but I'm trying but thank you shoot me another one put in bold letter or all caps explanatory statement or I want this file or here's my donation or whatever it is so it doesn't get lost okay and if you buy something you know make sure you bold print eight this is me this is where the money's coming from and this is what I want okay so I know some of the samples I give it away for free obviously I like said not trying to break anybody so that's just what it is some stuff you just you know times worth times money you know and plus it keeps the lights on so that's about it guys I want to thank each and every one of you for your time and for your support that being said bad wolf over and out