Quote:
Originally Posted by judycash
I bought mine 4 years ago to put my disabled mother in she died I lost that income, when the 2 year fixed went adjustable it went from 7 to 12% now i am unemployed not that I haven't looked for work, i have sent in over 200 resumes and not one reply (mind you I had one of the head of cal-state look over my resume and wanted to hire me). Honestly I can't actually get any help they told me I needed to make more money, well no shit.
whats going sucks for the people out there who did not go over their budget at the time but got screwed in the end
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I'm sorry to hear about this situation and I wish you the best. May I ask why you only went for a 2 year fixed? What would the difference have been monthly to have locked it in at 7% for the 30 years?
Not trying to be an asshole, but I'm just curious..That seems like the type of loan created for people who intend to flip houses, and would be far from beneficial to a home buyer who intends to stay through the long haul.
