Quote:
Originally Posted by GattaFish
The lenders are to blame,,, They were the predators who came up with the loans and sold people on them.... Most don't know much about a mortgages since they rarely go through the process and all they wanted was a big house they were TOLD they could afford.
Now,,, I won't feel bad if one of those Vacation homes on the water goes into foreclosure,,, So lets find one and do some fishing,,,,
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I believe a lot of people were convinced they could afford something more. I had several people try that when I was looking in the eighties with low rate with a balloon after 5 years. I didn't do it.
I did refinance in 91 to a 15 year 4.125 2 point mortgage. I am good.
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