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Originally Posted by Wavels
See how many more ideas are exchanged without the rancor and theatrics...I agree, most excellent posts, med and 7x!
Med, I do not see how anyone can make the largest investment of their lifetime and NOT read the fine print of the contract!
I agree that 95% of all adjustable rate mortgages are nothing but trouble, but they are not "scams".. EVERYTHING is disclosed in the contract...Who is to blame if the borrower does not bother to read the fine print or understand what happens if and when interest rates go up?
These people are not victims as you suggest.
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Some people are just natural victims... it's in the way they carry themselves. We are naturally repulsed by weakness, at least I am, although I do try my best to be sympathetic.