[rrrod]

Some ARMS are OK....I have two left on some props. One started at 4.25...the other at 5.25. getting the right bank is the key. Look at the caps and PAY them down fast. Credit Unions are very good for this type of loan but run from these so called mortgage companies. It seems waaaay to many people got in over their heads.

[goldstategop]

People today don't look at the cost of a house... they just take out the smallest loan they can afford and pay that as long as they can and when all their refinancing options have run out, they can try to arrange a sale and recoup a little profit. People treat their homes as a personal piggy bank and you can imagine what happens when the equity's all used up.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[kawaii]

I work with a company that does debt consolidation and refinancing and we've been seeing a ton of folks with loans like these. It's pretty sad to see how many folks get into situations where they can loose their dream home quite easily.

[kawaii]

I work with a company that does debt consolidation and refinancing and we've been seeing a ton of folks with loans like these. It's pretty sad to see how many folks get into situations where they can loose their dream home quite easily.