Quote:
Originally Posted by gruvr777
Caused by bad government financial policy, and unsrcupuluos lenders.
|
Yeah, let's not blame the people who were buying houses with zero down, interest only loans, adjustable rates because they just KNEW they'd be making more money by the time the rates went up, etc.
I have what is considered a "subprime" mortgage because it's a no-doc. But I actually READ what I was signing and put down 20% and knew that it was smarter to get a fixed rate now than to guess on what the rate would go up to later.