In Real Estate Loans, what is 6.22 ARM? Is it Adjusted Rate maximum/minimum?
It sounds to me like the real estate market’s way of tricking a buyer into making an adjustable rate loan so they can raise rates whenever they feel like it and then when you can no longer pay the mortgage, they foreclose on you so they can resell at a higher price and interest rate. You can’t trust businesses anymore than you can the world governments. Only in USA can you try to fix it.