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Why the hell would you get an ARM when the fixed rate was 3%? The only way to go from there is up.
by jandrese 2y ago
Why the hell would you get an ARM when the fixed rate was 3%? The only way to go from there is up.
- dylan604 2y agoThere are a lot of people just uninformed people that will take whatever deals presented when that deal means getting a house. The person giving them the deal does not care at all about whether they can afford it or not, especially knowing that the loan was going to be repackaged and sold probably before the first payment was due let alone when the rates change