Dumb bunnies who sign thos ARMs shoulda thought about that before hand....what if their company goes belly up, what if they get canned, get sick, their hubby croaks, they get the big D, there is a war, a tornado, they get demoted instead of promoted....the marketplace doesn’t owe them a raise in three yeears....they can’t predict the future....on the other hand we can hope for them that their rich uncle leaves them a million, that they win the lottery, that their ship comes in but no guarantees.
“....what if their company goes belly up, what if they get canned, get sick, their hubby croaks, they get the big D, there is a war, a tornado, they get demoted instead of promoted....the marketplace doesn’t owe them a raise in three yeears....they can’t predict the future....on the other hand we can hope for them that their rich uncle leaves them a million, that they win the lottery, that their ship comes in but no guarantees.’
That could happen with those with fixed interest mortgages as well.