“According to King, that loan came with a negative amortization rate that he was unaware of until he saw his mortgage payments go from $3,200 to $13,400 over the next few years.” I knew predatory lending was a problem but I had no idea it could be this bad

This guy was a financial advisor who took out a loan to build an indoor basketball court on his almost 10,000 square foot home. I can't decide if that's an example of how bad predatory loans are or how bad a financial advisor he is.