Are the folks who in the past few yrs. got adjustable rate mortgage loans pissed or what?

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5 Comments
  1. Reply
    kapn
    April 29, 2011 at 11:36 pm

    No…….they expected to make a lot of money on the resale of houses they could not afford………thats called investment………the bottom fell out and so did they……….

  2. Reply
    Lara
    April 30, 2011 at 12:11 am

    I did about 3 years ago but was smart enough to refinance exactly when the 2 year fixed guarantee was up. I now have a 6.5% IR which is 2% more that the ARM, but the stability was worth it.

  3. Reply
    T-man
    April 30, 2011 at 12:52 am

    There is nothing wrong with ARMs, in fact they are often the correct loan to get. Unfortunately, the media has made them seem terrible. And they tend to lump IO loans and Option-ARMs together with fully amortizing ARMs and simply call the whole ball of wax “ARM”.

    You should get a loan to cover what you need and the people who are upset are the ones who didn’t plan accordingly. I have 2 properties with fixed rates and 2 with ARMs. I’m not pissed at all.

  4. Reply
    b.johne k
    April 30, 2011 at 1:48 am

    no your home is your own personal investment and at any given time most of the time you can change your mortgage pymts just applying for a lower rate

  5. Reply
    Landlord
    April 30, 2011 at 1:58 am

    These are the loans they picked for themselves. They might be kicking themselves, but not have anything to be “pissed” about. They all signed up for the loans, it was nothing that was forced on them.

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