Thread: The mortgage
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Old 10-30-2008, 12:48 PM   #2
Pico and ME
Are you knock-kneed?
 
Join Date: Jul 2008
Location: Middle Hoosierland
Posts: 3,549
Classic...everybody was doing the re-financing thing. We did it to get some debts at a lower interest rate, but not everybody knew that ARM's were risky or a bad choice. I knew and I didn't get one...I did a 30yr at 5.75%. I dont think she was savy enough to know what was risky for her.
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