Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $5,542
6%  
Woo hoo!! And now less than $8k to reach 13,500 by Jan 15th!! Thank you all very much!! God bless.

Keyword: freakingduh

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  • Could Risky Mortgage Lending Practices Prick the Housing Bubble?

    09/11/2005 12:09:10 PM PDT · by ex-Texan · 41 replies · 1,331+ views
    Wharton Business School ^ | 9/7/2005 | Scott Stevens
    Here's the deal: Buy your dream home and pay only interest - no principal - for the next few years. That will give you an unusually low monthly payment while you get on your feet. Or better yet, pick one of our Option mortgages, and pay even less... . So goes the pitch for the hottest subset of the old-fashioned adjustable rate mortgage. With names like Interest-Only (I-O), OptionARM and Pick-a-Payment, these products offer borrowers far lower payments than they would face with traditional fixed- and adjustable-rate loans. According to some surveys, these especially risky products now account for half...