Colli Real Estate

All about real estate and beyond

Colli Real Estate header image 2

arm mortgage warnings

September 18th, 2008 by admin


Am I the only one who will REFUSE to vote for any politician who thinks the mortgage bail out is a good idea?

People with lousy credit BEGGED lender after lender to give them a loan until they finally found someone to agree. THEN they ignored the warnings that their ARM would adjust and they’d be paying through the nose in interest if they didn’t clean up their credit.
What makes people feel so entitled to buy a home that they can’t afford without an ARM or interest-only loan, then expect the government to bail them out when they can’t afford it?
This is sheer ignorance if you ask me. I may WANT a million dollar home, but that doesn’t mean I can AFFORD it. WTF is wrong with us?? We’re a bunch of greedy people who don’t get that actions have consequences.
I’m seriously NOT voting for any politician who wants to bail out people who have CONSCIOUSLY made BAD decisions. What about YOU?

I agree with you. The only thing a bailout would do is make whole the lender and encourage irresponsible behavior

Mortgage Rewrites, Gold value inflation: don’t make me pay for someone elses mistakes!


The warnings


The warnings


$6.64


This book is in Good Used condition

Warnings


Warnings


$6.4


This book is in Used condition

The Warnings


The Warnings


$6.85


This book is in Good Used condition

Storm Warnings


Storm Warnings


$20.13


Storm Warnings


Tags: No Comments

Leave a Comment

 

0 responses so far ↓

There are no comments yet...Kick things off by filling out the form below.