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Those loans are the only reason many elder millenials managed to own property at all. Not all of the loans given in that era were ARMs or otherwise amenable to
by stonogo 1mo ago
Those loans are the only reason many elder millenials managed to own property at all. Not all of the loans given in that era were ARMs or otherwise amenable to modification; many were regular old fixed-rate mortgages.
- Izkata 1mo agoIn the US, adjustable rate is extremely rare in general. I had never even heard of them until my 30s in threads like these.