Unemployed most of his life, my father never once took a mortgage. Most of the time he was in rent arrears. That did not, however, stop him from starting a business as a mortgage broker. It failed a few months later, but not before several people had unnecessarily refinanced their homes upon his advice. I was sixteen at the time and shocked at how these people parted with their hard-earned cash without ever checking into the background of the advisor.

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