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Originally Posted by Hollywood376
because their dumb enough to fall for a half point lower, not thinking of how they will get screwed later.
You would think that they would say "hmmm, interest is at an all time low. if it adjusts, where will it go?"
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It's also because a lot of times they wouldn't qualify for the loan even if it's just half a point higher.
There are SO many people who have been buying houses with 0 down, ARMS, etc. who really had no business owning a home. Those are the ones I plan on renting their houses back to
