To: Hydroshock
Too few borrowers, they say, really understand the risks involved and have a solid grasp of how the loans work.
Plenty of free information out there on the pros and cons of these mortgages...so if someone does not know the risks before they sign on the dotted line...it's their own fault. At some point life may let them know what the risks were...
3 posted on
06/12/2006 9:00:34 AM PDT by
P-40
(Al Qaeda was working in Iraq. They were just undocumented.)
To: P-40
Agreed. I know the risks and that is why I would never buy a house that I could not put at least 10% down and afford 125% of teh total payment.
4 posted on
06/12/2006 9:02:01 AM PDT by
Hydroshock
( (Proverbs 22:7). The rich ruleth over the poor, and the borrower is servant to the lender.)
To: P-40
At some point life may let them know what the risks were...,/I> You'd think that they could apply that across the board to where people live too, i.e., flood, hurricane, landslide zones, and have the same principles apply. Yet...
Gimme, gimme, gimme...!
Anyone concerned about these morgages can't possibly have missed the push to get as many Americans as possible to buy homes. Commercials explaining how more people own homes now than ever before, along with the designed means to make it all happen/bring it to fruition, can't possibly have been missed.
19 posted on
06/12/2006 10:19:20 AM PDT by
Fruitbat
(I)
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