|
Do you all really think that these people will be staying in the same home for the full term of the loan?
The idea is for people to buy these homes get into the loan with a 3 to 5 year must keep, based on pre payment penality and then get out and take the gains and move on to a larger home.
No one stays in their home forever anymore. People move on to bigger and better, or refi.
__________________
No One
|