To: meyer
not all ARM loans are bad credit risks.
True - but "Option ARMS" are a recent invention that allow for not even paying the interest as you go. By and large, these are high risk mortgages.
81 posted on
08/02/2008 5:45:27 PM PDT by
ThePythonicCow
(By their false faith in Man as God, the left would destroy us. They call this faith change.)
To: ThePythonicCow
True - but "Option ARMS" are a recent invention that allow for not even paying the interest as you go. By and large, these are high risk mortgages. That could well be the stupidest form of lending ever conceived.
88 posted on
08/02/2008 6:14:32 PM PDT by
meyer
(...by any means necessary.)
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