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Ever get a mortgage? There's absolutely no way in hell that anything can be hidden from the borrower. Every single detail is initialled 27 times and signed off in triplicate.
I have a subprime loan. My subprime lender explained the deal very precisely to me, and I took it.
The ARM just went up too. But I have what I wanted out of it all - got exactly what I expected... and in another little while I will re-mortgage at a better rate.
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