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"I got that loan with zero down ... and they glossed over the details of the adjustable rate mortgage" Stupid me! I saved 20% like a dope and watched it go po
by josefresco 8y ago
"I got that loan with zero down ... and they glossed over the details of the adjustable rate mortgage"
Stupid me! I saved 20% like a dope and watched it go poof! I'm kidding (not really), but they also "glossed over" my income statements, which I could have made up because I was self-employed. I also got stuck with an ARM, which I thankfully dropped before rates starting climbing. The ARM was sold to me based on the "fact" that my home value would skyrocket, and I would re-mortgage before rates increased.
"I take full responsibility for my own situation and the outcome. "
Everyone burned like you and me does this. We own it, because that's the right thing to do. It's the ones who made out like bandits who don't and won't own up to the damage they caused.
- settsu 8y ago> Everyone burned like you and me does this. We own it, because that's the right thing to do. It's the ones who made out like bandits who don't and won't own up to the damage they caused. Same. Painful, expensive lesson that I own up to for my part (mostly, blissful ignorance…)